Three Bridge Wealth Advisors LLC Buys Shares of 991 Chubb Limited $CB

Three Bridge Wealth Advisors LLC purchased a new stake in Chubb Limited (NYSE:CB) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 991 shares of the financial services provider’s stock, valued at approximately $287,000.

Other hedge funds also recently added to or reduced their stakes in the company. GQG Partners LLC raised its stake in shares of Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares in the last quarter. Nuveen LLC purchased a new stake in Chubb during the 1st quarter worth $562,221,000. Demars Financial Group LLC increased its position in shares of Chubb by 16.4% during the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock worth $1,884,004,000 after acquiring an additional 878,177 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Chubb by 1,243.9% during the first quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider’s stock worth $205,491,000 after acquiring an additional 629,822 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after purchasing an additional 304,751 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating for the company in a research report on Thursday, July 24th. Barclays downgraded shares of Chubb from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. Wolfe Research upgraded shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. UBS Group cut their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $303.24.

Chubb Trading Up 0.9%

Shares of NYSE:CB opened at $283.99 on Friday. The company has a market cap of $113.22 billion, a P/E ratio of 12.53, a P/E/G ratio of 3.20 and a beta of 0.54. The stock’s 50-day moving average is $274.76 and its 200-day moving average is $282.15. 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 0.28.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $5.38 earnings per share. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is currently 17.12%.

Insider Activity

In other Chubb news, Director Michael Corbat purchased 425 shares of the stock in a transaction dated Friday, July 25th. The shares were bought at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

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.