DB Fitzpatrick & Co Inc Acquires 44 Shares of Chubb Limited $CB

DB Fitzpatrick & Co Inc increased its holdings in shares of Chubb Limited (NYSE:CB) by 0.9% during the second quarter, Holdings Channel.com reports. The firm owned 4,885 shares of the financial services provider’s stock after buying an additional 44 shares during the period. Chubb makes up 1.3% of DB Fitzpatrick & Co Inc’s holdings, making the stock its 22nd biggest holding. DB Fitzpatrick & Co Inc’s holdings in Chubb were worth $1,415,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GQG Partners LLC boosted its position in Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares in the last quarter. Demars Financial Group LLC boosted its position in Chubb by 16.4% during the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock valued at $1,884,004,000 after purchasing an additional 878,177 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after purchasing an additional 304,751 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Chubb by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock worth $840,756,000 after purchasing an additional 30,334 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Chubb by 36,831.3% during the first quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider’s stock valued at $629,357,000 after buying an additional 2,078,390 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 1.0%

Shares of NYSE:CB opened at $275.69 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The stock has a market cap of $109.92 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 3.08 and a beta of 0.56. The business has a 50-day moving average price of $273.62 and a 200-day moving average price of $282.81.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter in the prior year, the company earned $5.38 EPS. Chubb’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

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 given a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. Chubb’s payout ratio is currently 17.12%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CB shares. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Morgan Stanley decreased their price objective on Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Evercore ISI set a $312.00 target price on Chubb in a research note on Wednesday, July 23rd. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company dropped their price target on Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $303.06.

Insider Transactions at Chubb

In other news, Director Michael Corbat acquired 425 shares of the business’s stock in a transaction on Friday, July 25th. The stock was bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares of the company’s stock, 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 is accessible through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 91,180 shares of the company’s stock, valued at $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Chubb Company 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.