Aspiriant LLC Purchases 498 Shares of Chubb Limited $CB

Aspiriant LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 60.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,326 shares of the financial services provider’s stock after purchasing an additional 498 shares during the quarter. Aspiriant LLC’s holdings in Chubb were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CB. North Capital Inc. acquired a new position in Chubb in the first quarter valued at approximately $26,000. IMA Advisory Services Inc. bought a new stake in shares of Chubb during the 1st quarter valued at $31,000. 1248 Management LLC acquired a new position in shares of Chubb in the 1st quarter valued at $31,000. WPG Advisers LLC bought a new position in shares of Chubb in the 1st quarter worth $33,000. Finally, Maseco LLP bought a new position in shares of Chubb in the 2nd quarter worth $35,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction dated Friday, July 25th. The stock was bought at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of CB stock opened at $268.15 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company’s 50 day moving average price is $277.40 and its two-hundred day moving average price is $281.09. The company has a market capitalization of $106.91 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54.

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, topping the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter in the prior year, the firm earned $5.38 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, analysts expect 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. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is 17.12%.

Analysts Set New Price Targets

CB has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Chubb from $267.00 to $277.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Barclays increased their price target on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and decreased their price objective for the company from $317.00 to $300.00 in a report on Friday, August 1st. Finally, Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $305.28.

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.