Chubb Limited $CB Stock Holdings Lifted by Mirador Capital Partners LP

Mirador Capital Partners LP lifted its position in Chubb Limited (NYSE:CB) by 10.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 19,557 shares of the financial services provider’s stock after buying an additional 1,814 shares during the quarter. Chubb makes up about 0.9% of Mirador Capital Partners LP’s holdings, making the stock its 26th largest holding. Mirador Capital Partners LP’s holdings in Chubb were worth $5,666,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. grew its position 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 purchasing an additional 36 shares in the last quarter. Rise Advisors LLC grew its holdings in shares of Chubb by 4.6% during the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after buying an additional 37 shares in the last quarter. Sunflower Bank N.A. grew its holdings in shares of Chubb by 4.4% during the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock valued at $273,000 after buying an additional 38 shares in the last quarter. Avantax Planning Partners Inc. grew its stake in 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 acquiring an additional 38 shares in the last quarter. Finally, Lincoln Capital LLC grew its stake in Chubb by 0.6% during the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock valued at $2,022,000 after acquiring an additional 39 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Down 0.8%

NYSE CB opened at $272.05 on Wednesday. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The stock has a market cap of $108.46 billion, a PE ratio of 12.00, a PEG ratio of 3.09 and a beta of 0.56. The firm has a 50-day simple moving average of $274.10 and a 200 day simple moving average of $283.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same period last year, the business earned $5.38 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. Chubb’s payout ratio is currently 17.12%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CB. HSBC cut Chubb from a “buy” rating to a “hold” rating and lowered their target price for the company from $317.00 to $300.00 in a research note on Friday, August 1st. UBS Group lowered their price target on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Piper Sandler restated a “neutral” rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Citigroup started coverage on shares of Chubb in a report on Wednesday, August 13th. They set a “buy” rating and a $326.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded Chubb from a “buy” rating to a “hold” rating and set a $303.00 target price on the stock. in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $303.06.

Insiders Place Their Bets

In other Chubb news, Director Michael Corbat purchased 425 shares of the firm’s stock in a transaction on Friday, July 25th. The shares were purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

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.