Purkiss Capital Advisors LLC Purchases New Position in Chubb Limited $CB

Purkiss Capital Advisors LLC acquired a new stake in Chubb Limited (NYSE:CB) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,361 shares of the financial services provider’s stock, valued at approximately $394,000.

Other institutional investors have also added to or reduced their stakes in the company. E Fund Management Co. Ltd. raised its stake in Chubb by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 36 shares during the period. Rise Advisors LLC increased its stake in shares of Chubb by 4.6% in the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 37 shares in the last quarter. Avantax Planning Partners Inc. raised its position in shares of Chubb by 5.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 38 shares during the period. Sky Investment Group LLC lifted its stake in shares of Chubb by 1.6% during the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after buying an additional 38 shares in the last quarter. Finally, Evermay Wealth Management LLC increased its stake in Chubb by 2.3% in the 2nd quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock worth $489,000 after buying an additional 38 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of Chubb stock opened at $281.40 on Tuesday. The stock has a market cap of $112.19 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 2.82 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.34. The stock has a 50 day moving average price of $277.83 and a 200-day moving average price of $280.85. Chubb Limited has a one year low of $252.16 and a one year high of $306.91.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $5.72 earnings per share. Equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio is presently 16.19%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CB. Wolfe Research boosted their price objective on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Morgan Stanley decreased their target price on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. JPMorgan Chase & Co. raised their price target on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $300.00 price objective on shares of Chubb in a research note on Monday. Finally, Keefe, Bruyette & Woods increased their target price on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $307.58.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.