Gordian Capital Singapore Pte Ltd Buys Shares of 100 Chubb Limited (NYSE:CB)

Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb Limited (NYSE:CB) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 100 shares of the financial services provider’s stock, valued at approximately $29,000.

A number of other large investors have also made changes to their positions in the stock. RFG Advisory LLC increased its stake in Chubb by 7.9% in the second quarter. RFG Advisory LLC now owns 1,535 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 112 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Chubb by 2.7% during the second quarter. Sequoia Financial Advisors LLC now owns 7,007 shares of the financial services provider’s stock worth $1,788,000 after purchasing an additional 187 shares during the last quarter. Wedmont Private Capital raised its stake in Chubb by 11.7% during the second quarter. Wedmont Private Capital now owns 5,119 shares of the financial services provider’s stock worth $1,323,000 after purchasing an additional 538 shares during the period. Burke & Herbert Bank & Trust Co. acquired a new position in shares of Chubb in the 2nd quarter valued at $308,000. Finally, AA Financial Advisors LLC increased its holdings in shares of Chubb by 1.5% during the 2nd quarter. AA Financial Advisors LLC now owns 4,414 shares of the financial services provider’s stock worth $1,126,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of several research analyst reports. Piper Sandler upped their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. JMP Securities upped their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Barclays began coverage on Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective on the stock. Finally, Bank of America increased their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Trading Down 1.2 %

Chubb stock opened at $283.32 on Monday. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The firm’s 50-day moving average is $286.88 and its 200-day moving average is $276.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $114.21 billion, a P/E ratio of 11.60, a PEG ratio of 6.62 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $4.95 EPS. On average, equities analysts expect that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb’s dividend payout ratio is presently 14.91%.

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.