Neuberger Berman Group LLC grew its stake in Chubb Ltd (NYSE:CB) by 123.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,763,065 shares of the financial services provider’s stock after buying an additional 974,209 shares during the period. Neuberger Berman Group LLC owned 0.39% of Chubb worth $223,219,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital World Investors grew its holdings in Chubb by 55.1% during the 1st quarter. Capital World Investors now owns 11,140,099 shares of the financial services provider’s stock worth $1,244,244,000 after acquiring an additional 3,958,065 shares in the last quarter. Nordea Investment Management AB grew its holdings in Chubb by 107.9% during the 2nd quarter. Nordea Investment Management AB now owns 4,684,336 shares of the financial services provider’s stock worth $589,758,000 after acquiring an additional 2,431,302 shares in the last quarter. Viking Global Investors LP grew its holdings in Chubb by 139.7% during the 2nd quarter. Viking Global Investors LP now owns 2,202,033 shares of the financial services provider’s stock worth $278,821,000 after acquiring an additional 1,283,492 shares in the last quarter. Nuance Investments LLC grew its holdings in Chubb by 169.5% during the 1st quarter. Nuance Investments LLC now owns 1,465,127 shares of the financial services provider’s stock worth $163,640,000 after acquiring an additional 921,501 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Chubb by 6.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 14,659,734 shares of the financial services provider’s stock worth $1,637,347,000 after acquiring an additional 919,127 shares in the last quarter. 87.10% of the stock is owned by institutional investors and hedge funds.

Chubb stock traded up $1.64 during trading hours on Wednesday, reaching $119.30. 85,946 shares of the stock were exchanged, compared to its average volume of 1,481,667. The stock has a market cap of $54.56 billion, a P/E ratio of 24.98, a P/E/G ratio of 1.68 and a beta of 0.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Ltd has a 52-week low of $87.35 and a 52-week high of $167.74. The firm’s 50 day moving average is $126.25 and its 200 day moving average is $121.92.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported ($0.56) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.66) by $0.10. The company had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.80 billion. Chubb had a net margin of 6.10% and a return on equity of 5.98%. Chubb’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.60 EPS. Equities research analysts expect that Chubb Ltd will post 7.2 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.78 per share. 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 2.62%. Chubb’s dividend payout ratio (DPR) is presently 30.86%.

Several research analysts have commented on CB shares. Piper Sandler boosted their price target on shares of Chubb from $131.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, June 23rd. William Blair upgraded shares of Chubb from an “underperform” rating to a “market perform” rating in a report on Monday, July 20th. Zacks Investment Research cut shares of Chubb from a “hold” rating to a “sell” rating and set a $133.00 target price for the company. in a report on Thursday, July 9th. Bank of America lowered their target price on shares of Chubb from $132.00 to $114.00 and set an “underperform” rating for the company in a report on Tuesday, July 7th. Finally, Evercore ISI upgraded shares of Chubb from an “in-line” rating to an “outperform” rating and set a $157.00 target price for the company in a report on Thursday, July 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $145.00.

About Chubb

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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