Concord Asset Management LLC VA Acquires 128 Shares of Chubb Limited $CB

Concord Asset Management LLC VA boosted its position in Chubb Limited (NYSE:CB) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,949 shares of the financial services provider’s stock after buying an additional 128 shares during the quarter. Concord Asset Management LLC VA’s holdings in Chubb were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Chubb in the first quarter worth $25,000. North Capital Inc. purchased a new stake in Chubb in the first quarter worth $26,000. IMA Advisory Services Inc. purchased a new stake in Chubb in the first quarter worth $31,000. 1248 Management LLC purchased a new stake in Chubb in the first quarter worth $31,000. Finally, WPG Advisers LLC purchased a new stake in Chubb in the first quarter worth $33,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

NYSE:CB opened at $283.08 on Monday. The firm has a market capitalization of $112.86 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 3.18 and a beta of 0.54. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The stock has a fifty day moving average of $276.67 and a 200 day moving average of $281.80. 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 posted its quarterly earnings data 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 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 quarter last year, the company earned $5.38 earnings per share. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

Insider Transactions at Chubb

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wolfe Research raised Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods lifted their price target on Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Jefferies Financial Group lifted their price target on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a research report on Tuesday, October 7th. Barclays lifted their price target on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, 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 research report on Monday, October 6th. Two investment 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $306.82.

Chubb Company 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.