3,170 Shares in Chubb Limited $CB Acquired by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services LLC acquired 3,170 Chubb shares worth approximately $1.14 million during the second quarter. Institutional investors collectively own 83.81% of Chubb.
• Chubb insiders recently sold shares, including COO John W. Keogh’s $7.39 million sale and EVP Joseph F. Wayland’s $3.10 million sale; insiders own 0.37% of the company.
• Chubb reported quarterly EPS of $7.26, exceeding estimates by $0.49, and declared a quarterly dividend of $1.02. Analysts’ consensus rating is Hold, with an average price target of $361.

Diversify Advisory Services LLC bought a new position in Chubb Limited (NYSE:CB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,170 shares of the financial services provider's stock, valued at approximately $1,138,000.

Other hedge funds also recently bought and sold shares of the company. Cherry Tree Wealth Management LLC increased its position in shares of Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider's stock valued at $35,000 after buying an additional 31 shares during the period. Phillips Wealth Planners LLC boosted its position in shares of Chubb by 1.8% in the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider's stock worth $521,000 after purchasing an additional 31 shares in the last quarter. Hoxton Planning & Management LLC boosted its holdings in Chubb by 4.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider's stock worth $233,000 after acquiring an additional 31 shares in the last quarter. G&S Capital LLC raised its holdings in Chubb by 1.5% in the fourth quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider's stock worth $709,000 after buying an additional 34 shares during the last quarter. Finally, South Plains Financial Inc. boosted its stake in Chubb by 2.2% during the 4th quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider's stock valued at $500,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company's stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares of the company's stock, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company's stock.

Chubb Stock Performance

Shares of NYSE:CB opened at $341.45 on Thursday. The firm's 50 day simple moving average is $345.32 and its 200-day simple moving average is $333.02. The firm has a market cap of $131.73 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 1.71 and a beta of 0.39. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to analysts' expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $6.14 EPS. As a group, equities analysts predict that Chubb Limited will post 27.45 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb's payout ratio is 14.43%.

Analyst Ratings Changes

CB has been the subject of a number of research reports. Cantor Fitzgerald boosted their target price on shares of Chubb from $318.00 to $337.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. HSBC downgraded shares of Chubb from a "buy" rating to a "hold" rating and raised their price objective for the company from $370.00 to $373.00 in a research report on Monday, July 6th. Jefferies Financial Group lowered their price target on Chubb from $356.00 to $352.00 and set a "hold" rating on the stock in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $354.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of "Hold" and a consensus price target of $361.00.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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