Interchange Capital Partners LLC Buys 138 Shares of Chubb Limited $CB

Interchange Capital Partners LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 9.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,566 shares of the financial services provider’s stock after acquiring an additional 138 shares during the quarter. Interchange Capital Partners LLC’s holdings in Chubb were worth $454,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its holdings in shares of Chubb by 138.3% during the 2nd quarter. Brighton Jones LLC now owns 4,980 shares of the financial services provider’s stock worth $1,443,000 after buying an additional 2,890 shares during the period. MQS Management LLC bought a new stake in shares of Chubb during the 2nd quarter worth about $428,000. Leavell Investment Management Inc. boosted its holdings in shares of Chubb by 6.2% during the 2nd quarter. Leavell Investment Management Inc. now owns 2,460 shares of the financial services provider’s stock worth $715,000 after buying an additional 143 shares during the period. Fielder Capital Group LLC bought a new stake in shares of Chubb during the 2nd quarter worth about $203,000. Finally, Mycio Wealth Partners LLC boosted its holdings in shares of Chubb by 4.6% during the 2nd quarter. Mycio Wealth Partners LLC now owns 929,218 shares of the financial services provider’s stock worth $269,213,000 after buying an additional 41,095 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CB. Citigroup boosted their price objective on shares of Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group boosted their price objective on shares of Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Barclays boosted their price objective on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a report on Friday. Finally, Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $306.42.

Chubb Stock Performance

Shares of Chubb stock opened at $281.86 on Monday. The company has a 50 day moving average of $277.65 and a 200-day moving average of $280.88. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a market cap of $112.38 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 2.82 and a beta of 0.54.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the prior year, the firm posted $5.72 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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 dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio is 16.19%.

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.