Crux Wealth Advisors Sells 2,019 Shares of Chubb Limited $CB

Key Points

• Crux Wealth Advisors has reduced its stake in Chubb Limited by 54.1%, now owning 1,710 shares valued at approximately $496,000.
• Chubb's stock currently has a consensus rating of "Hold" with a target price of $305.28, and has recently reported better-than-expected quarterly earnings.
• Several institutional investors have increased their stakes in Chubb, with GQG Partners LLC boosting its position by 112.1% in the first quarter.

Crux Wealth Advisors reduced its stake in Chubb Limited (NYSE:CB - Free Report) by 54.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,710 shares of the financial services provider's stock after selling 2,019 shares during the period. Crux Wealth Advisors' holdings in Chubb were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CB. GQG Partners LLC boosted its stake in shares of Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock valued at $2,836,899,000 after buying an additional 4,964,298 shares during the period. Nuveen LLC bought a new stake in shares of Chubb in the first quarter valued at approximately $562,221,000. Ameriprise Financial Inc. boosted its stake in shares of Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider's stock valued at $1,418,398,000 after buying an additional 304,751 shares during the period. Cohen Investment Advisors LLC boosted its stake in shares of Chubb by 2,408.4% in the first quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider's stock valued at $88,456,000 after buying an additional 281,234 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Chubb by 79.0% in the first quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider's stock valued at $190,745,000 after buying an additional 278,697 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on shares of Chubb from $295.00 to $297.00 and gave the company a "hold" rating in a research report on Tuesday, October 7th. Weiss Ratings restated a "buy (b)" rating on shares of Chubb in a research report on Wednesday, October 8th. UBS Group lowered their price objective on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research report on Monday, July 28th. The Goldman Sachs Group boosted their price objective on shares of Chubb from $299.00 to $303.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. Finally, Citigroup initiated coverage on shares of Chubb in a research report on Wednesday, August 13th. They set a "buy" rating and a $326.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $305.28.

Insider Activity

In related news, Director Michael Corbat purchased 425 shares of the stock in a transaction dated Friday, July 25th. The stock was bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.77% of the company's stock.

Chubb Stock Down 0.0%

Shares of NYSE:CB opened at $268.15 on Friday. The company has a fifty day moving average of $277.40 and a 200-day moving average of $281.09. The company has a market capitalization of $106.91 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $5.38 earnings per share. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb's dividend payout ratio is 17.12%.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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