Ascent Group LLC Purchases 1,220 Shares of Chubb Limited $CB

Ascent Group LLC grew its position in shares of Chubb Limited (NYSE:CB) by 26.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,760 shares of the financial services provider’s stock after acquiring an additional 1,220 shares during the quarter. Ascent Group LLC’s holdings in Chubb were worth $1,669,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. GQG Partners LLC lifted its position in Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after buying an additional 4,964,298 shares during the last quarter. Nuveen LLC bought a new stake in shares of Chubb in the 1st quarter worth approximately $562,221,000. Demars Financial Group LLC boosted its stake in shares of Chubb by 16.4% in the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock valued at $1,884,004,000 after purchasing an additional 878,177 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Chubb by 1,243.9% during the 1st quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider’s stock valued at $205,491,000 after purchasing an additional 629,822 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

Shares of Chubb stock opened at $283.99 on Monday. The business has a 50 day moving average of $274.76 and a 200 day moving average of $282.06. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a market cap of $113.22 billion, a PE ratio of 12.53, a P/E/G ratio of 3.20 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

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

Chubb Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on CB. Evercore ISI upped 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. Wolfe Research upgraded Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Wells Fargo & Company decreased their price target on Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 24th. Cantor Fitzgerald raised Chubb to a “hold” rating in a research note on Wednesday, August 13th. Finally, UBS Group decreased their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $303.24.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.86% of the company’s stock.

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.