Chubb Limited $CB Shares Acquired by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. grew its position in Chubb Limited (NYSE:CBFree Report) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,500 shares of the financial services provider’s stock after acquiring an additional 65 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Chubb were worth $1,304,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CB. Brighton Jones LLC boosted its holdings in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $205,000. GAMMA Investing LLC boosted its holdings in shares of Chubb by 22.3% in the first quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock valued at $2,084,000 after acquiring an additional 1,258 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Chubb by 9.4% in the first quarter. Exchange Traded Concepts LLC now owns 3,541 shares of the financial services provider’s stock valued at $1,069,000 after acquiring an additional 305 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in shares of Chubb in the first quarter valued at approximately $660,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In other Chubb news, Director Michael Corbat acquired 425 shares of the business’s stock in a transaction on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the transaction, the director owned 2,450 shares of the company’s stock, valued at $661,010. The trade was a 20.99% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CB. Piper Sandler reaffirmed a “neutral” rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Evercore ISI increased their price target on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Wolfe Research raised Chubb to a “strong-buy” rating in a report on Tuesday, September 16th. HSBC downgraded Chubb from a “buy” rating to a “hold” rating and decreased their price target for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Finally, Citigroup began coverage on Chubb in a report on Wednesday, August 13th. They set a “buy” rating and a $326.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $305.28.

Get Our Latest Analysis on Chubb

Chubb Trading Down 0.0%

NYSE:CB opened at $268.15 on Friday. The stock has a fifty day moving average price of $277.40 and a two-hundred day moving average price of $281.24. The stock has a market capitalization of $106.91 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 3.02 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. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

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

Chubb Announces Dividend

The firm also recently disclosed 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 was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio is presently 17.12%.

About Chubb

(Free Report)

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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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