Modern Wealth Management LLC Buys 4,936 Shares of Chubb Limited $CB

Key Points

• Modern Wealth Management LLC raised its stake in Chubb by 173.6%, buying 4,936 shares to hold 7,780 shares worth about $2.196 million.
• Chubb reported quarterly EPS of $7.52 (vs. $6.33 estimate) with revenue up 8.9% year‑over‑year, and analysts have a consensus rating of Hold with a $340.81 average price target.

Modern Wealth Management LLC increased its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 173.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,780 shares of the financial services provider's stock after acquiring an additional 4,936 shares during the period. Modern Wealth Management LLC's holdings in Chubb were worth $2,196,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Chubb during the 4th quarter worth approximately $205,000. Woodline Partners LP boosted its holdings in shares of Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider's stock valued at $3,805,000 after buying an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider's stock valued at $403,000 after buying an additional 175 shares during the last quarter. Finally, Savant Capital LLC grew its stake in shares of Chubb by 6.6% in the second quarter. Savant Capital LLC now owns 17,411 shares of the financial services provider's stock valued at $5,044,000 after buying an additional 1,073 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald boosted their target price on shares of Chubb from $300.00 to $309.00 and gave the stock a "neutral" rating in a report on Wednesday, January 14th. Citizens Jmp reissued a "market outperform" rating and issued a $350.00 price objective on shares of Chubb in a research report on Wednesday, February 4th. Barclays boosted their price objective on shares of Chubb from $317.00 to $339.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 8th. Citigroup upped their target price on shares of Chubb from $335.00 to $385.00 and gave the company a "buy" rating in a report on Monday, February 9th. Finally, Roth Mkm raised their target price on shares of Chubb from $330.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $340.81.

Chubb Stock Down 1.4%

CB opened at $327.86 on Monday. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $127.92 billion, a P/E ratio of 12.74, a P/E/G ratio of 2.06 and a beta of 0.46. The stock has a fifty day moving average of $318.20 and a 200-day moving average of $297.97.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the prior year, the company posted $6.02 earnings per share. Chubb's revenue was up 8.9% compared to the same quarter last year. On average, equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb's payout ratio is currently 15.08%.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the transaction, the executive vice president directly owned 11,810 shares of the company's stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares of the company's stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.86% of the company's stock.

About Chubb

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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