7,336 Shares of Chubb Limited $CB Purchased by Prosperitas Financial LLC

Prosperitas Financial LLC purchased a new position in shares of Chubb Limited (NYSE:CB) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,336 shares of the financial services provider’s stock, valued at approximately $2,386,000.

Other institutional investors have also modified their holdings of the company. XXEC Inc. purchased a new stake in Chubb in the 2nd quarter worth approximately $228,226,000. Berkshire Hathaway Inc acquired a new position in Chubb in the 2nd quarter valued at $11,670,067,000. BlackRock Inc. acquired a new position in Chubb in the 2nd quarter valued at $9,913,336,000. GQG Partners LLC purchased a new position in shares of Chubb during the 2nd quarter worth $4,250,113,000. Finally, Bank of America Corp DE purchased a new position in shares of Chubb during the 2nd quarter worth $1,545,084,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CB. Atlantic Securities set a $301.00 price objective on Chubb in a report on Wednesday, July 15th. Citigroup reiterated a “buy” rating and issued a $405.00 target price (up from $395.00) on shares of Chubb in a research note on Wednesday, October 21st. Morgan Stanley upped their target price on Chubb from $350.00 to $360.00 and gave the company an “equal weight” rating in a research note on Tuesday. Weiss Ratings upgraded Chubb from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday, October 16th. Finally, JPMorgan Chase & Co. raised their price target on Chubb from $371.00 to $374.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $362.78.

Chubb Stock Performance

NYSE CB opened at $364.12 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.29. Chubb Limited has a 1-year low of $273.35 and a 1-year high of $369.00. The firm has a market capitalization of $139.12 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.68 and a beta of 0.36. The business’s 50-day simple moving average is $343.33 and its 200-day simple moving average is $333.76.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The firm had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.66 billion. During the same quarter in the prior year, the company earned $7.49 EPS. Equities analysts predict that Chubb Limited will post 28.82 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a $1.02 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. Chubb’s dividend payout ratio is presently 14.28%.

Insider Transactions at Chubb

In related news, Director Michael Connors sold 5,500 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy Boroughs sold 13,596 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $356.77, for a total value of $4,850,644.92. Following the transaction, the executive vice president directly owned 5,588 shares in the company, valued at $1,993,630.76. This trade represents a 70.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by company insiders.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.