Exchange Traded Concepts LLC Has $1.23 Million Stock Holdings in Chubb Limited $CB

Exchange Traded Concepts LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 20.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,256 shares of the financial services provider’s stock after purchasing an additional 715 shares during the period. Exchange Traded Concepts LLC’s holdings in Chubb were worth $1,233,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CB. E Fund Management Co. Ltd. lifted its holdings in shares of Chubb by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 36 shares in the last quarter. Rise Advisors LLC increased its position in Chubb by 4.6% in the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after buying an additional 37 shares during the last quarter. Sunflower Bank N.A. increased its position in Chubb by 4.4% in the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock worth $273,000 after buying an additional 38 shares during the last quarter. Avantax Planning Partners Inc. raised its stake in shares of Chubb by 5.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 38 shares during the period. Finally, Lincoln Capital LLC raised its stake in shares of Chubb by 0.6% during the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock valued at $2,022,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.3%

Shares of NYSE CB opened at $272.99 on Tuesday. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The business’s 50 day moving average is $273.62 and its two-hundred day moving average is $282.86. The stock has a market capitalization of $108.84 billion, a P/E ratio of 12.04, a PEG ratio of 3.09 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced 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. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.Chubb’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.38 earnings per share. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders 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 dividend 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 Transactions at Chubb

In related news, insider John J. Lupica sold 5,513 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares of the company’s stock, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of 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 disclosure for this purchase can be found here. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CB shares. Hsbc Global Res lowered Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Piper Sandler reiterated a “neutral” rating and issued a $283.00 price objective (down previously from $335.00) on shares of Chubb in a report on Thursday, July 24th. Evercore ISI set a $312.00 price objective on Chubb in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their target price on Chubb from $314.00 to $324.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. Finally, Wolfe Research raised Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $303.06.

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.