Valmark Advisers Inc. Purchases 95 Shares of Chubb Limited $CB

Valmark Advisers Inc. raised its position in Chubb Limited (NYSE:CB) by 1.7% during the second quarter, Holdings Channel reports. The institutional investor owned 5,785 shares of the financial services provider’s stock after buying an additional 95 shares during the quarter. Valmark Advisers Inc.’s holdings in Chubb were worth $1,676,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CB. Brighton Jones LLC boosted its position in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Chubb in the 4th quarter worth $205,000. Portside Wealth Group LLC boosted its position in shares of Chubb by 18.9% in the 1st quarter. Portside Wealth Group LLC now owns 1,146 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 182 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Chubb by 6.3% in the 1st quarter. Farther Finance Advisors LLC now owns 4,005 shares of the financial services provider’s stock worth $1,207,000 after purchasing an additional 239 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its position in shares of Chubb by 55.7% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,855 shares of the financial services provider’s stock worth $1,466,000 after purchasing an additional 1,736 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CB. UBS Group reduced their price target on Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. HSBC lowered Chubb from a “buy” rating to a “hold” rating and reduced their price target for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. Piper Sandler restated a “neutral” rating and issued a $283.00 price target (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Wolfe Research upgraded Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Morgan Stanley dropped their price objective on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $304.33.

Chubb Stock Performance

CB opened at $287.17 on Thursday. The business’s 50-day moving average price is $276.00 and its two-hundred day moving average price is $282.12. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company has a market capitalization of $114.49 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 3.26 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter last year, the business posted $5.38 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Insider Activity

In related news, Director Michael Corbat acquired 425 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by corporate 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.