Copley Financial Group Inc. Purchases New Shares in Chubb Limited (NYSE:CB)

Copley Financial Group Inc. purchased a new position in Chubb Limited (NYSE:CB) during the third quarter, Holdings Channel.com reports. The firm purchased 1,632 shares of the financial services provider’s stock, valued at approximately $471,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of Chubb by 14.0% in the 3rd quarter. Franklin Resources Inc. now owns 321,985 shares of the financial services provider’s stock valued at $92,960,000 after acquiring an additional 39,428 shares in the last quarter. Asset Advisors Investment Management LLC raised its stake in Chubb by 2.7% during the 3rd quarter. Asset Advisors Investment Management LLC now owns 63,979 shares of the financial services provider’s stock valued at $18,451,000 after purchasing an additional 1,665 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in shares of Chubb by 0.5% in the third quarter. Peapack Gladstone Financial Corp now owns 101,729 shares of the financial services provider’s stock valued at $29,338,000 after purchasing an additional 482 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Chubb by 1.0% in the third quarter. Synovus Financial Corp now owns 30,503 shares of the financial services provider’s stock worth $8,797,000 after buying an additional 297 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of Chubb by 376.4% during the third quarter. Tidal Investments LLC now owns 59,532 shares of the financial services provider’s stock valued at $17,168,000 after buying an additional 47,035 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CB. Piper Sandler increased their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JMP Securities boosted their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI boosted their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Stock Performance

Shares of Chubb stock traded up $1.06 on Friday, reaching $275.53. The stock had a trading volume of 91,845 shares, compared to its average volume of 1,593,086. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The business’s 50-day moving average price is $285.74 and its two-hundred day moving average price is $276.64. The stock has a market cap of $111.07 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.95 EPS. On average, sell-side analysts forecast that Chubb Limited will post 21.82 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

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.