Chubb Limited $CB Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. lifted its holdings in Chubb Limited (NYSE:CB) by 19.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,519 shares of the financial services provider’s stock after acquiring an additional 249 shares during the quarter. Focus Financial Network Inc.’s holdings in Chubb were worth $442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Peoples Bank KS acquired a new stake in shares of Chubb in the first quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in Chubb during the first quarter valued at $25,000. North Capital Inc. acquired a new stake in Chubb during the first quarter valued at $26,000. IMA Advisory Services Inc. acquired a new stake in Chubb during the first quarter valued at $31,000. Finally, 1248 Management LLC acquired a new stake in Chubb during the first quarter valued at $31,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $274.00 on Friday. The company’s 50 day simple moving average is $273.76 and its 200-day simple moving average is $282.97. The company has a market capitalization of $109.24 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.56. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. 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 released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the previous year, the firm earned $5.38 EPS. The business’s revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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

Insider Activity at Chubb

In other Chubb news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the purchase, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on CB shares. Wolfe Research upgraded shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Barclays lowered shares of Chubb from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $321.00 to $298.00 in a research report on Monday, July 7th. Piper Sandler reaffirmed a “neutral” rating and set a $283.00 price objective (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Finally, HSBC downgraded shares of Chubb from a “buy” rating to a “hold” rating and decreased their price objective for the company from $317.00 to $300.00 in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $303.06.

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.