Callahan Advisors LLC Has $27.14 Million Position in Chubb Limited $CB

Callahan Advisors LLC raised its stake in Chubb Limited (NYSE:CB) by 2.3% during the 2nd quarter, Holdings Channel reports. The fund owned 93,676 shares of the financial services provider’s stock after acquiring an additional 2,086 shares during the period. Chubb makes up about 2.4% of Callahan Advisors LLC’s investment portfolio, making the stock its 9th largest position. Callahan Advisors LLC’s holdings in Chubb were worth $27,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CB. Brighton Jones LLC increased its stake in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new stake in Chubb in the 4th quarter valued at $205,000. GAMMA Investing LLC grew its holdings in Chubb by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock valued at $2,084,000 after buying an additional 1,258 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Chubb by 9.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 3,541 shares of the financial services provider’s stock worth $1,069,000 after buying an additional 305 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in shares of Chubb during the first quarter worth $660,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Performance

NYSE CB opened at $278.71 on Thursday. The firm’s 50 day simple moving average is $277.49 and its 200 day simple moving average is $281.70. The firm has a market capitalization of $111.12 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 3.20 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 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $5.38 earnings per share. As a group, research analysts expect that Chubb Limited will post 21.52 earnings per share 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 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 is currently 17.12%.

Insider Buying and Selling at Chubb

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

Analyst Ratings Changes

CB has been the topic of several research reports. The Goldman Sachs Group upped their price target on shares of Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. 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 report on Monday, July 28th. Barclays raised their target price on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Jefferies Financial Group boosted their price target on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a research note on Tuesday, October 7th. Finally, Wolfe Research upgraded Chubb to a “strong-buy” rating in a research note on Tuesday, September 16th. Two 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 issued a Sell rating to the company. According to MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $305.28.

About Chubb

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.