Facet Wealth Inc. Purchases New Position in Chubb Limited $CB

Facet Wealth Inc. purchased a new stake in shares of Chubb Limited (NYSE:CB) in the 2nd quarter, Holdings Channel reports. The fund purchased 757 shares of the financial services provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GQG Partners LLC increased its holdings in shares of Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Chubb by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock worth $840,756,000 after buying an additional 30,334 shares in the last quarter. Nuveen LLC bought a new stake in Chubb in the 1st quarter worth about $562,221,000. Finally, AQR Capital Management LLC grew its stake in shares of Chubb by 19.6% in the first quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock worth $423,826,000 after acquiring an additional 231,404 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $281.40 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.34. The firm has a fifty day moving average price of $277.83 and a 200 day moving average price of $280.85. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The firm has a market cap of $112.19 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 2.82 and a beta of 0.54.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business 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 earned $5.72 EPS. The business’s revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is 16.19%.

Analyst Ratings Changes

A number of analysts have recently commented on CB shares. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 price target on shares of Chubb in a research note on Thursday. Wolfe Research lifted their target price on shares of Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Barclays lifted their target price on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Finally, Wells Fargo & Company boosted their price target on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $307.58.

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.