ORG Wealth Partners LLC Sells 1,594 Shares of Chubb Limited $CB

Key Points

• ORG Wealth Partners LLC significantly reduced its stake in Chubb Limited by 60.6%, selling 1,594 shares and owning 1,036 shares worth approximately $300,000 as of the latest SEC filing.
• Chubb recently declared a quarterly dividend of $0.97 per share, resulting in an annualized yield of 1.4%, with a payout ratio of 17.12%.
• Chubb's latest earnings report showed EPS of $6.14, surpassing expectations, with revenues of $14.20 billion, indicating a 6.3% increase year-over-year.

ORG Wealth Partners LLC reduced its stake in Chubb Limited (NYSE:CB - Free Report) by 60.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,036 shares of the financial services provider's stock after selling 1,594 shares during the period. ORG Wealth Partners LLC's holdings in Chubb were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Peoples Bank KS acquired a new position in shares of Chubb in the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chubb in the 1st quarter worth approximately $25,000. North Capital Inc. acquired a new position in shares of Chubb in the 1st quarter worth approximately $26,000. IMA Advisory Services Inc. acquired a new position in shares of Chubb in the 1st quarter worth approximately $31,000. Finally, 1248 Management LLC acquired a new position in shares of Chubb in the 1st quarter worth approximately $31,000. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on CB shares. Piper Sandler reissued a "neutral" rating and issued a $283.00 target price (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Wolfe Research raised Chubb to a "strong-buy" rating in a report on Tuesday, September 16th. Cantor Fitzgerald raised Chubb to a "hold" rating in a research note on Wednesday, August 13th. Evercore ISI set a $312.00 price target on Chubb in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $303.06.

Chubb Stock Up 0.9%

Shares of CB opened at $280.77 on Friday. The firm's 50 day moving average is $273.84 and its 200-day moving average is $282.59. The stock has a market capitalization of $111.94 billion, a PE ratio of 12.39, a P/E/G ratio of 3.17 and a beta of 0.56. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. The firm had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company's revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.38 earnings per share. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

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

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael Corbat bought 425 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was bought at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares in the company, valued at approximately $661,010. The trade was a 20.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.77% of the company's stock.

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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