Brookstone Capital Management Buys 815 Shares of Chubb Limited $CB

Brookstone Capital Management raised its stake in Chubb Limited (NYSE:CB) by 60.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,160 shares of the financial services provider’s stock after acquiring an additional 815 shares during the period. Brookstone Capital Management’s holdings in Chubb were worth $626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CB. North Capital Inc. bought a new stake in shares of Chubb in the 1st quarter worth about $26,000. IMA Advisory Services Inc. bought a new stake in shares of Chubb in the 1st quarter worth about $31,000. 1248 Management LLC bought a new stake in shares of Chubb in the 1st quarter worth about $31,000. WPG Advisers LLC bought a new stake in shares of Chubb in the 1st quarter worth about $33,000. Finally, Maseco LLP bought a new stake in shares of Chubb in the 2nd quarter worth about $35,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CB has been the topic of a number of research reports. Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a report on Friday. Bank of America boosted their target price on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a report on Monday, October 13th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $306.42.

Chubb Price Performance

Chubb stock opened at $281.86 on Monday. The stock has a market cap of $112.38 billion, a price-to-earnings ratio of 11.76, 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 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 $277.65 and a two-hundred day moving average of $280.88.

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. The company had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $5.72 EPS. On average, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s payout ratio is 16.19%.

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.