LMG Wealth Partners LLC Buys 174 Shares of Chubb Limited $CB

LMG Wealth Partners LLC raised its stake in Chubb Limited (NYSE:CB) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,032 shares of the financial services provider’s stock after acquiring an additional 174 shares during the period. LMG Wealth Partners LLC’s holdings in Chubb were worth $4,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CB. GQG Partners LLC increased its holdings 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 valued at $2,836,899,000 after acquiring an additional 4,964,298 shares during the last quarter. Nuveen LLC purchased a new position in shares of Chubb in the 1st quarter worth $562,221,000. Ameriprise Financial Inc. grew its stake in shares of 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 buying an additional 304,751 shares in the last quarter. Cohen Investment Advisors LLC grew its stake in shares of Chubb by 2,408.4% in the 1st quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider’s stock worth $88,456,000 after buying an additional 281,234 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of Chubb by 79.0% in the 1st quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after buying an additional 278,697 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CB has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price objective on shares of Chubb from $295.00 to $297.00 and gave the stock a “hold” rating in a research note on Tuesday, October 7th. Wells Fargo & Company lifted their price objective on shares of Chubb from $267.00 to $277.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $324.00 to $333.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Citigroup initiated coverage on shares of Chubb in a research note on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $305.28.

Chubb Stock Performance

Shares of NYSE:CB opened at $268.15 on Monday. The company has a market capitalization of $106.91 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 3.02 and a beta of 0.54. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The firm’s 50-day moving average is $277.40 and its 200 day moving average is $280.94. 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 (NYSE:CB) last issued its quarterly earnings results 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 company had revenue of $14.20 billion for 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 firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.38 EPS. Research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given 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 payout ratio is 17.12%.

Insider Transactions at Chubb

In related news, Director Michael Corbat acquired 425 shares of the stock in a transaction on 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 transaction, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.86% of the stock is currently owned by company insiders.

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.