Chubb Limited $CB Stock Holdings Increased by WoodTrust Financial Corp

WoodTrust Financial Corp lifted its position in Chubb Limited (NYSE:CB) by 7.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,047 shares of the financial services provider’s stock after buying an additional 70 shares during the period. WoodTrust Financial Corp’s holdings in Chubb were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Modern Wealth Management LLC grew its holdings in shares of Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 143 shares during the last quarter. Jump Financial LLC grew its holdings in shares of Chubb by 633.6% in the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after acquiring an additional 7,065 shares during the last quarter. Legato Capital Management LLC grew its holdings in shares of Chubb by 120.9% in the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock worth $3,080,000 after acquiring an additional 5,582 shares during the last quarter. Davis Rea LTD. acquired a new position in shares of Chubb in the 1st quarter worth $5,117,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Chubb by 3.3% in the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider’s stock worth $13,070,000 after acquiring an additional 1,375 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael Corbat acquired 425 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $289.24 on Wednesday. Chubb Limited has a twelve month low of $252.16 and a twelve month 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. The stock has a market capitalization of $115.32 billion, a PE ratio of 12.76, a P/E/G ratio of 3.23 and a beta of 0.54. The stock has a 50-day simple moving average of $275.58 and a 200 day simple moving average of $282.08.

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

Chubb Dividend Announcement

The firm also recently disclosed 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 dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s payout ratio is currently 17.12%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a report on Saturday, September 27th. Morgan Stanley lowered their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Wells Fargo & Company lowered their price target on Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a report on Thursday, July 24th. Finally, Wolfe Research upgraded Chubb to a “strong-buy” rating in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $303.72.

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.