Chubb Limited $CB Stock Holdings Increased by IMZ Advisory Inc

IMZ Advisory Inc boosted its position in Chubb Limited (NYSE:CB) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,088 shares of the financial services provider’s stock after buying an additional 42 shares during the quarter. IMZ Advisory Inc’s holdings in Chubb were worth $298,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Dohj LLC bought a new position in shares of Chubb during the second quarter valued at approximately $401,000. Morton Capital Management LLC CA bought a new position in shares of Chubb during the second quarter valued at approximately $235,000. Valmark Advisers Inc. grew its holdings in shares of Chubb by 1.7% during the second quarter. Valmark Advisers Inc. now owns 5,785 shares of the financial services provider’s stock valued at $1,676,000 after purchasing an additional 95 shares during the last quarter. Nelson Capital Management LLC grew its holdings in shares of Chubb by 4.3% during the second quarter. Nelson Capital Management LLC now owns 9,988 shares of the financial services provider’s stock valued at $2,894,000 after purchasing an additional 413 shares during the last quarter. Finally, Lansing Street Advisors grew its holdings in shares of Chubb by 53.7% during the second quarter. Lansing Street Advisors now owns 4,150 shares of the financial services provider’s stock valued at $1,206,000 after purchasing an additional 1,450 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

Shares of NYSE CB opened at $287.17 on Thursday. The stock has a fifty day moving average price of $276.00 and a two-hundred day moving average price of $282.12. 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 firm has a market cap of $114.49 billion, a P/E ratio of 12.67, a PEG ratio of 3.26 and a beta of 0.54. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

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 analysts’ consensus estimates of $5.84 by $0.30. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $5.38 EPS. Research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently commented on CB. Wells Fargo & Company upped their target price on Chubb from $267.00 to $277.00 and gave the company an “equal weight” rating in a report on Wednesday. Wolfe Research raised Chubb to a “strong-buy” rating in a report on Tuesday, September 16th. Citigroup began coverage on Chubb in a report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price objective for the company. The Goldman Sachs Group increased their price objective on Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Barclays increased their price objective on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday. Two 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $304.33.

Insider Transactions at Chubb

In other news, Director Michael Corbat purchased 425 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the purchase, 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 SEC, which is available through this hyperlink. 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.