Evolve Private Wealth LLC purchased a new stake in Chubb Limited (NYSE:CB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,910 shares of the financial services provider's stock, valued at approximately $2,703,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cherry Tree Wealth Management LLC raised its holdings in shares of Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider's stock worth $35,000 after acquiring an additional 31 shares during the period. Phillips Wealth Planners LLC boosted its holdings in Chubb by 1.8% in the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider's stock valued at $521,000 after purchasing an additional 31 shares during the last quarter. Hoxton Planning & Management LLC boosted its holdings in Chubb by 4.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider's stock valued at $233,000 after purchasing an additional 31 shares during the last quarter. South Plains Financial Inc. grew its stake in shares of Chubb by 2.2% in the 4th quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider's stock valued at $500,000 after buying an additional 34 shares during the period. Finally, Stock Yards Bank & Trust Co. grew its stake in shares of Chubb by 0.8% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider's stock valued at $1,338,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on CB. Citizens Jmp reiterated a "market outperform" rating and issued a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their price target on Chubb from $374.00 to $389.00 and gave the stock an "outperform" rating in a report on Wednesday, July 8th. Evercore reissued an "outperform" rating and set a $374.00 price objective on shares of Chubb in a research report on Friday, July 10th. HSBC lowered shares of Chubb from a "buy" rating to a "hold" rating and boosted their price objective for the company from $370.00 to $373.00 in a report on Monday, July 6th. Finally, Atlantic Securities set a $301.00 price target on shares of Chubb in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $361.00.
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Chubb Trading Down 0.5%
Shares of CB opened at $341.15 on Friday. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $131.62 billion, a P/E ratio of 12.07, a PEG ratio of 1.65 and a beta of 0.39. The firm's 50-day moving average is $345.88 and its two-hundred day moving average is $333.31.
Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.Chubb's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $6.14 EPS. On average, research analysts predict that Chubb Limited will post 27.49 earnings per share for the current fiscal year.
Chubb Dividend Announcement
The company also recently announced 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 annualized dividend and a yield of 1.2%. Chubb's payout ratio is presently 14.43%.
Insider Buying and Selling at Chubb
In related news, EVP Joseph F. Wayland sold 8,502 shares of the company's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John W. Keogh sold 23,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by company insiders.
About Chubb
(
Free Report)
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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