MQS Management LLC Purchases New Shares in Chubb Limited $CB

MQS Management LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,479 shares of the financial services provider’s stock, valued at approximately $428,000.

Other hedge funds also recently made changes to their positions in the company. Modern Wealth Management LLC boosted its position in shares of Chubb by 6.2% during the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 143 shares in the last quarter. Trifecta Capital Advisors LLC boosted its position in shares of Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 130 shares in the last quarter. Jump Financial LLC boosted its position in shares of Chubb by 633.6% during the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after purchasing an additional 7,065 shares in the last quarter. Legato Capital Management LLC boosted its position in shares of Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after purchasing an additional 5,582 shares in the last quarter. Finally, Davis Rea LTD. bought a new stake in shares of Chubb during the first quarter valued at approximately $5,117,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CB shares. Barclays lifted their price target on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Jefferies Financial Group boosted their target price on Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods boosted their target price on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI boosted their target price on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Hsbc Global Res downgraded Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $306.42.

Chubb Trading Down 0.4%

Shares of NYSE:CB opened at $281.86 on Friday. The company has a market cap of $112.38 billion, a P/E ratio of 11.76, a PEG ratio of 2.86 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.34 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The stock’s fifty day moving average price is $277.65 and its 200-day moving average price is $280.91.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.72 earnings per share. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio is presently 16.19%.

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.