Family Legacy Inc. acquired a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,553 shares of the financial services provider's stock, valued at approximately $2,233,000.
Several other large investors have also modified their holdings of the stock. Cherry Tree Wealth Management LLC boosted its position in shares of Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 31 shares during the period. Phillips Wealth Planners LLC lifted its stake in Chubb by 1.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider's stock valued at $521,000 after buying an additional 31 shares in the last quarter. Hoxton Planning & Management LLC lifted its stake in Chubb by 4.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider's stock valued at $233,000 after buying an additional 31 shares in the last quarter. G&S Capital LLC boosted its holdings in shares of 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 period. Finally, South Plains Financial Inc. boosted its holdings in shares of Chubb by 2.2% in the fourth quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider's stock worth $500,000 after buying an additional 34 shares during the period. 83.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on CB. Mizuho boosted their price target on shares of Chubb from $335.00 to $352.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Barclays set a $387.00 price objective on shares of Chubb in a research note on Tuesday, July 7th. Atlantic Securities set a $301.00 target price on shares of Chubb in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $354.00 target price on shares of Chubb in a report on Wednesday, July 22nd. Finally, BMO Capital Markets lifted their price target on Chubb from $326.00 to $339.00 and gave the company a "market perform" rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $360.09.
Read Our Latest Stock Report on Chubb
Insider Buying and Selling
In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 33,749 shares of the company's stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the stock in a transaction on 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. This trade represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company's stock.
Chubb Price Performance
CB opened at $343.80 on Friday. The stock has a fifty day moving average price of $344.31 and a 200 day moving average price of $331.99. 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 1 year low of $265.30 and a 1 year high of $365.91. The stock has a market cap of $132.64 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.70 and a beta of 0.39.
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. 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 period in the prior year, the firm posted $6.14 EPS. The business's revenue was up 3.6% compared to the same quarter last year. Analysts forecast that Chubb Limited will post 27.45 EPS for the current fiscal year.
Chubb Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors 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 yield of 1.2%. Chubb's dividend payout ratio is currently 14.43%.
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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