Bleakley Financial Group LLC Makes New $3.01 Million Investment in Chubb Limited $CB

Bleakley Financial Group LLC acquired a new position in Chubb Limited (NYSE:CB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,375 shares of the financial services provider’s stock, valued at approximately $3,006,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. North Capital Inc. purchased a new position in shares of Chubb in the 1st quarter worth $26,000. IMA Advisory Services Inc. purchased a new position in shares of Chubb during the 1st quarter worth about $31,000. 1248 Management LLC purchased a new position in shares of Chubb during the 1st quarter worth about $31,000. WPG Advisers LLC purchased a new position in shares of Chubb during the 1st quarter worth about $33,000. Finally, Maseco LLP purchased a new position in shares of Chubb during the 2nd quarter worth about $35,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Chubb stock opened at $282.84 on Friday. The stock has a market cap of $112.76 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 3.11 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.34 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm has a 50-day moving average of $277.50 and a two-hundred day moving average of $280.80.

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

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s payout ratio is currently 17.12%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CB shares. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday. Wolfe Research lifted their price target on shares of Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a research note on Thursday. Piper Sandler reaffirmed a “neutral” rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. One equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $306.16.

Chubb Company 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.