Sharp Financial Services LLC Makes New Investment in Chubb Limited $CB

Sharp Financial Services LLC acquired a new position in shares of Chubb Limited (NYSE:CB) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 725 shares of the financial services provider’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $205,000. GAMMA Investing LLC grew its position in shares of Chubb by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock worth $2,084,000 after acquiring an additional 1,258 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Chubb in the 1st quarter worth approximately $906,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Chubb in the 1st quarter worth approximately $25,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Down 0.4%

NYSE:CB opened at $283.08 on Monday. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The firm has a market capitalization of $112.86 billion, a P/E ratio of 12.49, a P/E/G ratio of 3.18 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50 day simple moving average of $276.67 and a 200 day simple moving average of $281.80.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share 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 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 for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.38 EPS. Equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced 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. 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 payout ratio is presently 17.12%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CB shares. JPMorgan Chase & Co. lifted their target price on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Financial Group lifted their target price on Chubb from $295.00 to $297.00 and gave the stock a “hold” rating in a research report on Tuesday, October 7th. UBS Group decreased their target price on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. HSBC lowered Chubb from a “buy” rating to a “hold” rating and decreased their target price for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. Finally, Hsbc Global Res lowered Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average target price of $306.82.

Insiders Place Their Bets

In other Chubb news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction on Friday, July 25th. The shares were purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the purchase, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.86% of the stock is 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.