Compass Wealth Management LLC Invests $6.45 Million in Chubb Limited $CB

Key Points

• Compass Wealth Management acquired 18,923 Chubb shares worth approximately $6.45 million, making Chubb its 28th-largest holding and about 1.2% of its portfolio. Institutional investors collectively own 83.81% of the company.
• Analyst sentiment is broadly neutral, with an average rating of “Hold” and an average price target of $360.09; individual targets range from $354 to $387.
• Chubb reported quarterly EPS of $7.26, beating estimates of $6.77, while revenue increased 3.6% year over year. The company also announced a quarterly dividend of $1.02, equivalent to a 1.2% annual yield.

Compass Wealth Management LLC acquired a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,923 shares of the financial services provider's stock, valued at approximately $6,448,000. Chubb accounts for about 1.2% of Compass Wealth Management LLC's investment portfolio, making the stock its 28th largest position.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in shares of Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider's stock valued at $102,959,000 after buying an additional 5,225 shares during the last quarter. waypoint wealth counsel boosted its position in shares of Chubb by 76.4% during the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider's stock worth $1,285,000 after acquiring an additional 1,784 shares during the last quarter. National Pension Service boosted its position in shares of Chubb by 24.4% during the fourth quarter. National Pension Service now owns 1,148,474 shares of the financial services provider's stock worth $358,462,000 after acquiring an additional 225,515 shares during the last quarter. Harbour Investments Inc. grew its stake in Chubb by 884.1% during the fourth quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider's stock valued at $3,108,000 after acquiring an additional 8,947 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Chubb by 16.8% in the 1st quarter. Bessemer Group Inc. now owns 16,639 shares of the financial services provider's stock valued at $5,424,000 after acquiring an additional 2,389 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

CB has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $354.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Evercore reaffirmed an "outperform" rating and issued a $374.00 target price on shares of Chubb in a report on Friday, July 10th. Barclays set a $387.00 target price on Chubb in a research report on Tuesday, July 7th. Citigroup restated a "market outperform" rating on shares of Chubb in a report on Wednesday, July 22nd. Finally, HSBC downgraded Chubb from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $370.00 to $373.00 in a research note on Monday, July 6th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $360.09.

Chubb Stock Up 1.4%

Shares of NYSE CB opened at $345.56 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91. The firm's 50-day moving average price is $345.10 and its 200-day moving average price is $332.77. The stock has a market capitalization of $133.32 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $15.07 billion. During the same quarter last year, the business posted $6.14 earnings per share. The firm's revenue was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Chubb Limited will post 27.45 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 8,502 shares of the business'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. The trade was a 20.12% decrease in their position. 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 on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by insiders.

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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