Huntleigh Advisors Inc. grew its position in Chubb Limited (NYSE:CB – Free 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
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:CB – Get 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
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.
Recommended Stories
- Five stocks we like better than Chubb
- What is the S&P 500 and How It is Distinct from Other Indexes
- This AI Chip Giant Could Be the Market’s Next Big Winner
- Stock Sentiment Analysis: How it Works
- Broadcom Inks OpenAI Deal: Why It’s A Huge Win for AVGO Stock
- Consumer Discretionary Stocks Explained
- Institutions Are Fueling CrowdStrike’s Next Leg Higher
Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB – Free Report).
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.