Vantage Point Financial LLC Takes Position in Chubb Limited $CB

Vantage Point Financial LLC bought a new stake in shares of Chubb Limited (NYSE:CB) during the second quarter, Holdings Channel.com reports. The fund bought 1,878 shares of the financial services provider’s stock, valued at approximately $544,000.

A number of other institutional investors have also recently modified their holdings of the business. Stonebridge Financial Group LLC grew its position in shares of Chubb by 1.1% during the 2nd quarter. Stonebridge Financial Group LLC now owns 15,623 shares of the financial services provider’s stock valued at $4,526,000 after acquiring an additional 170 shares during the period. Horizon Bancorp Inc. IN acquired a new stake in shares of Chubb during the 2nd quarter valued at about $145,000. IFP Advisors Inc grew its position in shares of Chubb by 9.3% during the 2nd quarter. IFP Advisors Inc now owns 3,971 shares of the financial services provider’s stock valued at $1,169,000 after acquiring an additional 339 shares during the period. Freedom Day Solutions LLC acquired a new stake in shares of Chubb during the 2nd quarter valued at about $2,162,000. Finally, Callan Family Office LLC grew its position in shares of Chubb by 122.1% during the 2nd quarter. Callan Family Office LLC now owns 8,752 shares of the financial services provider’s stock valued at $2,536,000 after acquiring an additional 4,811 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley lowered their price objective on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. HSBC cut Chubb from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Barclays lifted their price objective on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday. Piper Sandler reiterated a “neutral” rating and issued a $283.00 price objective (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Finally, Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $306.82.

Chubb Stock Down 1.0%

CB stock opened at $284.13 on Friday. The firm has a market cap of $113.28 billion, a PE ratio of 12.53, a PEG ratio of 3.23 and a beta of 0.54. 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’s 50 day moving average price is $276.36 and its 200-day moving average price is $282.07. Chubb Limited has a one year low of $252.16 and a one year high of $306.91.

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

Chubb Dividend Announcement

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

Insider Transactions at Chubb

In other news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction on Friday, July 25th. The shares were bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.77% of the stock is currently owned by insiders.

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.