82,800 Shares in Chubb Limited $CB Bought by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC bought 82,800 Chubb shares worth approximately $28.2 million during the second quarter, while institutional investors collectively own 83.81% of the company.
• Chubb insiders recently sold shares, including COO John W. Keogh’s $7.4 million sale and EVP Joseph F. Wayland’s $3.1 million sale; insiders now own just 0.37% of the stock.
• Analysts’ average rating remains “Hold” with a $361 target price. Chubb reported quarterly EPS of $7.26, beating estimates, and announced a $1.02 quarterly dividend, representing a 1.2% yield.

Sanctuary Advisors LLC purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 82,800 shares of the financial services provider's stock, valued at approximately $28,213,000.

Other institutional investors have also made changes to their positions in the company. Cherry Tree Wealth Management LLC lifted its stake in Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 31 shares during the last quarter. Phillips Wealth Planners LLC raised its holdings 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 valued at $521,000 after purchasing an additional 31 shares during the period. Hoxton Planning & Management LLC lifted its stake 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 holdings in Chubb by 2.2% during the fourth quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider's stock worth $500,000 after purchasing an additional 34 shares during the period. Finally, Stock Yards Bank & Trust Co. increased its position in Chubb by 0.8% during the first quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider's stock worth $1,338,000 after buying an additional 34 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of Chubb 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 sale, the chief operating officer directly owned 203,322 shares of the company's stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of Chubb from $358.00 to $356.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. Weiss Ratings raised shares of Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday, June 29th. Cantor Fitzgerald boosted their price objective on shares of Chubb from $318.00 to $337.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. HSBC lowered Chubb from a "buy" rating to a "hold" rating and raised their price objective for the stock from $370.00 to $373.00 in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $340.00 to $370.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Two 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. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $361.00.

Chubb Stock Up 0.0%

Shares of CB opened at $341.15 on Monday. The firm has a 50 day simple moving average of $345.88 and a two-hundred day simple moving average of $333.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The company has a market cap of $131.62 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.65 and a beta of 0.39.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter last year, the company posted $6.14 EPS. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts forecast that Chubb Limited will post 27.49 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Chubb 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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