Leavell Investment Management Inc. Purchases 143 Shares of Chubb Limited $CB

Leavell Investment Management Inc. boosted its position in shares of Chubb Limited (NYSE:CB) by 6.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,460 shares of the financial services provider’s stock after purchasing an additional 143 shares during the period. Leavell Investment Management Inc.’s holdings in Chubb were worth $715,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Chubb by 12.8% in 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 purchased a new position in Chubb during the fourth quarter worth about $205,000. GAMMA Investing LLC increased its stake in Chubb by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock worth $2,084,000 after acquiring an additional 1,258 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Chubb by 22.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,058 shares of the financial services provider’s stock valued at $13,950,000 after acquiring an additional 8,600 shares in the last quarter. Finally, 3Chopt Investment Partners LLC purchased a new stake in shares of Chubb in the 1st quarter valued at about $235,000. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

CB stock opened at $281.86 on Monday. The firm has a market cap of $112.38 billion, a P/E ratio of 11.76, a P/E/G ratio of 2.82 and a beta of 0.54. The firm’s fifty day moving average is $277.65 and its 200 day moving average is $280.88. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.34.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping 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 period in the previous year, the firm posted $5.72 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared 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 yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group cut their price objective on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Evercore ISI increased their price target on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Piper Sandler restated a “neutral” rating and set a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Barclays upped 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. Finally, Keefe, Bruyette & Woods raised their price target on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $306.42.

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.