M&R Capital Management Inc. Raises Stock Position in Chubb Ltd (NYSE:CB)

M&R Capital Management Inc. increased its holdings in shares of Chubb Ltd (NYSE:CB) by 65.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,475 shares of the financial services provider’s stock after purchasing an additional 1,380 shares during the period. M&R Capital Management Inc.’s holdings in Chubb were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. BDO Wealth Advisors LLC increased its holdings in Chubb by 1,144.4% in the first quarter. BDO Wealth Advisors LLC now owns 224 shares of the financial services provider’s stock valued at $25,000 after buying an additional 206 shares in the last quarter. Lenox Wealth Advisors LLC increased its holdings in Chubb by 296.3% in the second quarter. Lenox Wealth Advisors LLC now owns 214 shares of the financial services provider’s stock valued at $27,000 after buying an additional 160 shares in the last quarter. Keebeck Wealth Management LLC purchased a new position in Chubb in the second quarter valued at $33,000. Prestige Wealth Management Group LLC increased its holdings in Chubb by 681.3% in the first quarter. Prestige Wealth Management Group LLC now owns 375 shares of the financial services provider’s stock valued at $42,000 after buying an additional 327 shares in the last quarter. Finally, FinTrust Capital Advisors LLC increased its holdings in Chubb by 95.3% in the second quarter. FinTrust Capital Advisors LLC now owns 332 shares of the financial services provider’s stock valued at $42,000 after buying an additional 162 shares in the last quarter. 87.10% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Theodore Shasta sold 1,101 shares of Chubb stock in a transaction on Friday, September 18th. The stock was sold at an average price of $116.97, for a total value of $128,783.97. Following the completion of the sale, the director now directly owns 16,873 shares of the company’s stock, valued at $1,973,634.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.37% of the company’s stock.

A number of research analysts have weighed in on CB shares. Piper Sandler lifted their price objective on shares of Chubb from $131.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, June 23rd. Morgan Stanley boosted their target price on shares of Chubb from $121.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. Royal Bank of Canada boosted their target price on shares of Chubb from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. ValuEngine raised shares of Chubb from a “sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Bank of America cut their target price on shares of Chubb from $132.00 to $114.00 and set an “underperform” rating for the company in a research note on Tuesday, July 7th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $142.60.

CB stock traded down $0.24 during midday trading on Thursday, hitting $115.88. 1,459,321 shares of the company’s stock were exchanged, compared to its average volume of 2,388,091. The business has a 50-day simple moving average of $122.37 and a two-hundred day simple moving average of $119.73. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $52.30 billion, a PE ratio of 24.29, a P/E/G ratio of 1.60 and a beta of 0.64. Chubb Ltd has a 1-year low of $87.35 and a 1-year high of $167.74.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 28th. The financial services provider reported ($0.56) earnings per share (EPS) for the quarter, topping 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%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.60 earnings per share. As a group, research analysts expect that Chubb Ltd will post 7.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.69%. Chubb’s payout ratio is presently 30.86%.

Chubb 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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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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