Quotient Wealth Partners LLC Has $433,000 Stake in Chubb Limited $CB

Quotient Wealth Partners LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 5.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,494 shares of the financial services provider’s stock after acquiring an additional 73 shares during the period. Quotient Wealth Partners LLC’s holdings in Chubb were worth $433,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CB. Aspiriant LLC grew its holdings in Chubb by 60.1% in the 2nd quarter. Aspiriant LLC now owns 1,326 shares of the financial services provider’s stock valued at $384,000 after buying an additional 498 shares during the last quarter. Stanley Laman Group Ltd. grew its holdings in Chubb by 14.7% in the 2nd quarter. Stanley Laman Group Ltd. now owns 1,237 shares of the financial services provider’s stock valued at $358,000 after buying an additional 159 shares during the last quarter. Huntleigh Advisors Inc. grew its holdings in Chubb by 1.5% in the 2nd quarter. Huntleigh Advisors Inc. now owns 4,500 shares of the financial services provider’s stock valued at $1,304,000 after buying an additional 65 shares during the last quarter. Nicholson Wealth Management Group LLC grew its holdings in Chubb by 3.4% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,258 shares of the financial services provider’s stock valued at $1,813,000 after buying an additional 204 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC grew its holdings in Chubb by 0.7% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 200,047 shares of the financial services provider’s stock valued at $57,958,000 after buying an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB stock opened at $268.15 on Friday. The stock has a 50 day moving average of $277.40 and a two-hundred day moving average of $281.09. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The company has a market capitalization of $106.91 billion, a P/E ratio of 11.83, a P/E/G ratio of 3.02 and a beta of 0.54.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $5.38 EPS. As a group, equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 17.12%.

Analyst Ratings Changes

A number of research firms have issued reports on CB. Wolfe Research raised Chubb to a “strong-buy” rating in a report on Tuesday, September 16th. Citigroup began coverage on Chubb in a report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 target price on the stock. Evercore ISI raised their target price on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Jefferies Financial Group raised their target price on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a report on Tuesday, October 7th. Finally, Cantor Fitzgerald upgraded Chubb to a “hold” rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $305.28.

Insider Activity at Chubb

In related news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director directly owned 2,450 shares of the company’s stock, valued at $661,010. This represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.77% of the stock is owned by company insiders.

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.