Slow Capital Inc. Has $6.22 Million Position in Chubb Limited $CB

Slow Capital Inc. boosted its holdings in Chubb Limited (NYSE:CB) by 1.5% during the second quarter, HoldingsChannel.com reports. The fund owned 21,442 shares of the financial services provider’s stock after purchasing an additional 324 shares during the period. Slow Capital Inc.’s holdings in Chubb were worth $6,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. Roundview Capital LLC grew its stake in shares of Chubb by 0.9% in the 2nd quarter. Roundview Capital LLC now owns 8,698 shares of the financial services provider’s stock valued at $2,520,000 after purchasing an additional 74 shares during the period. KLP Kapitalforvaltning AS boosted its stake in Chubb by 4.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 153,102 shares of the financial services provider’s stock valued at $44,521,000 after buying an additional 6,200 shares in the last quarter. Bingham Private Wealth LLC acquired a new stake in Chubb in the 2nd quarter valued at $493,000. Country Club Bank grew its position in Chubb by 4.8% in the second quarter. Country Club Bank now owns 1,976 shares of the financial services provider’s stock valued at $563,000 after acquiring an additional 91 shares during the period. Finally, Trueblood Wealth Management LLC raised its stake in Chubb by 4.6% during the second quarter. Trueblood Wealth Management LLC now owns 5,219 shares of the financial services provider’s stock worth $1,512,000 after acquiring an additional 228 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael Corbat acquired 425 shares of the company’s stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company’s stock, valued at $661,010. This trade represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by insiders.

Chubb Price Performance

CB opened at $286.37 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $114.17 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54. The company’s 50 day simple moving average is $275.17 and its 200-day simple moving average is $282.03. Chubb Limited has a one year low of $252.16 and a one year high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.38 EPS. 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 declared a quarterly dividend, which was paid on Friday, October 3rd. Investors 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 yield of 1.4%. Chubb’s dividend payout ratio (DPR) is currently 17.12%.

Wall Street Analyst Weigh In

CB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a research note on Monday. Evercore ISI boosted their price target on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Wells Fargo & Company decreased their price objective on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 24th. UBS Group cut their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Finally, Citigroup assumed coverage on Chubb in a report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $303.72.

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.