Stokes Capital Advisors LLC increased its position in shares of Chubb Ltd (NYSE:CB) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,889 shares of the financial services provider’s stock after acquiring an additional 1,531 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Chubb were worth $3,122,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lenox Wealth Advisors LLC increased its stake in Chubb by 296.3% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 214 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 160 shares in the last quarter. BDO Wealth Advisors LLC increased its stake in Chubb by 1,144.4% during the 1st quarter. BDO Wealth Advisors LLC now owns 224 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 206 shares in the last quarter. Keebeck Wealth Management LLC acquired a new position in Chubb during the 2nd quarter valued at approximately $33,000. FinTrust Capital Advisors LLC increased its stake in Chubb by 95.3% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 332 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 162 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its stake in Chubb by 681.3% during the 1st quarter. Prestige Wealth Management Group LLC now owns 375 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 87.10% of the company’s stock.
Several research firms have recently commented on CB. Morgan Stanley upped their price objective on shares of Chubb from $121.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Wells Fargo & Company reaffirmed a “buy” rating and issued a $150.00 price objective (up from $142.00) on shares of Chubb in a report on Monday, July 6th. Royal Bank of Canada upped their price objective on shares of Chubb from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Bank of America dropped their price objective on shares of Chubb from $132.00 to $114.00 and set an “underperform” rating on the stock in a report on Tuesday, July 7th. Finally, Evercore ISI raised shares of Chubb from an “in-line” rating to an “outperform” rating and set a $157.00 price objective on the stock in a report on Thursday, July 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $143.19.
Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 28th. The financial services provider reported ($0.56) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.66) by $0.10. The company had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.80 billion. Chubb had a net margin of 6.10% and a return on equity of 5.98%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $2.60 earnings per share. Research analysts forecast that Chubb Ltd will post 7.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 18th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, September 17th. Chubb’s dividend payout ratio is presently 30.86%.
In other Chubb news, Director Theodore Shasta sold 1,101 shares of the company’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $116.97, for a total transaction of $128,783.97. Following the completion of the transaction, the director now directly owns 16,873 shares in the company, valued at $1,973,634.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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