Chubb Limited $CB Stock Position Lifted by RoundAngle Advisors LLC

RoundAngle Advisors LLC lifted its holdings in Chubb Limited (NYSE:CB) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,450 shares of the financial services provider’s stock after purchasing an additional 351 shares during the quarter. RoundAngle Advisors LLC’s holdings in Chubb were worth $1,289,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CB. Modern Wealth Management LLC boosted its stake in Chubb by 6.2% during the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after buying an additional 143 shares in the last quarter. Trifecta Capital Advisors LLC boosted its stake in Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after buying an additional 130 shares in the last quarter. Jump Financial LLC boosted its stake in Chubb by 633.6% during the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after buying an additional 7,065 shares in the last quarter. Legato Capital Management LLC boosted its stake in Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after buying an additional 5,582 shares in the last quarter. Finally, Davis Rea LTD. bought a new position in Chubb during the first quarter valued at about $5,117,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of several research reports. Jefferies Financial Group raised their target price on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a research note on Tuesday, October 7th. Barclays raised their target price on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Cantor Fitzgerald raised Chubb to a “hold” rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. upped their target price on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $306.82.

Chubb Stock Down 0.4%

Shares of Chubb stock opened at $283.08 on Monday. The stock has a 50-day moving average price of $276.67 and a 200 day moving average price of $281.80. The company has a market cap of $112.86 billion, a P/E ratio of 12.49, a P/E/G ratio of 3.18 and a beta of 0.54. 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 1 year low of $252.16 and a 1 year high of $306.91.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) 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 the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $5.38 EPS. As a group, analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a $0.97 dividend. 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 dividend payout ratio is currently 17.12%.

Insider Transactions at Chubb

In other Chubb news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction that occurred 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 purchase, the director owned 2,450 shares in the company, 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 SEC, which can be accessed through this link. Corporate 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.