First Quadrant L P CA increased its stake in Chubb Ltd (NYSE:CB) by 253.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,734 shares of the financial services provider’s stock after buying an additional 2,677 shares during the period. First Quadrant L P CA’s holdings in Chubb were worth $473,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Providence Capital Advisors LLC increased its stake in shares of Chubb by 1,478.6% in the first quarter. Providence Capital Advisors LLC now owns 221 shares of the financial services provider’s stock worth $25,000 after buying an additional 207 shares during the last quarter. BDO Wealth Advisors LLC increased its stake in Chubb by 1,144.4% during the first quarter. BDO Wealth Advisors LLC now owns 224 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 206 shares during the last quarter. Lenox Wealth Advisors LLC increased its stake in Chubb by 296.3% during the second quarter. Lenox Wealth Advisors LLC now owns 214 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 160 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Chubb during the first quarter valued at $31,000. Finally, Verus Capital Partners LLC bought a new stake in Chubb during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 87.42% of the company’s stock.
Shares of CB opened at $127.24 on Friday. The business’s 50-day moving average is $129.08 and its 200-day moving average is $129.18. Chubb Ltd has a fifty-two week low of $87.35 and a fifty-two week high of $167.74. The company has a market capitalization of $58.68 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 1.91 and a beta of 0.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.33 and a quick ratio of 0.31.
Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 28th. The financial services provider reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.66) by $0.10. The company had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.80 billion. Chubb had a return on equity of 5.98% and a net margin of 6.10%. Chubb’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.60 earnings per share. Equities research analysts expect that Chubb Ltd will post 6.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 19th were issued a $0.78 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $3.12 annualized dividend and a yield of 2.45%. Chubb’s dividend payout ratio (DPR) is currently 30.86%.
CB has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Chubb from $121.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. William Blair upgraded shares of Chubb from an “underperform” rating to a “market perform” rating in a research note on Monday, July 20th. Royal Bank of Canada boosted their target price on shares of Chubb from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday. Raymond James boosted their price target on shares of Chubb from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Finally, Zacks Investment Research downgraded shares of Chubb from a “hold” rating to a “sell” rating and set a $133.00 price target for the company. in a report on Thursday, July 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $147.50.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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