Chubb Limited $CB Shares Sold by BIP Wealth LLC

BIP Wealth LLC lessened its stake in Chubb Limited (NYSE:CB) by 25.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 834 shares of the financial services provider’s stock after selling 289 shares during the quarter. BIP Wealth LLC’s holdings in Chubb were worth $242,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Modern Wealth Management LLC grew its position in shares of Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 143 shares in the last quarter. Trifecta Capital Advisors LLC lifted its stake in Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 130 shares during the last quarter. Jump Financial LLC boosted its holdings in Chubb by 633.6% in the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after purchasing an additional 7,065 shares during the period. Legato Capital Management LLC increased its stake in Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after purchasing an additional 5,582 shares during the last quarter. Finally, Davis Rea LTD. acquired a new stake in shares of Chubb during the first quarter worth $5,117,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CB. JPMorgan Chase & Co. raised their target price on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Hsbc Global Res downgraded Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. The Goldman Sachs Group boosted their price objective on Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. HSBC cut Chubb from a “buy” rating to a “hold” rating and cut their target price for the company from $317.00 to $300.00 in a research note on Friday, August 1st. Finally, Bank of America upped their price target on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $306.42.

Chubb Stock Performance

Shares of CB opened at $281.86 on Friday. The firm has a market capitalization of $112.38 billion, a PE ratio of 11.76, a P/E/G ratio of 2.86 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $277.65 and a 200 day moving average price of $280.91. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91.

Chubb (NYSE:CB) last posted 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 business 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 business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $5.72 earnings per share. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s payout ratio is presently 16.19%.

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.