Philip James Wealth Mangement LLC Boosts Stock Position in Chubb Limited $CB

Key Points

• Philip James Wealth Management LLC raised its stake in Chubb by 26.4% in Q4, adding 13,412 shares to hold 64,200 shares worth about $20.04 million, making Chubb its sixth-largest position.
• Chubb beat quarterly expectations with $7.52 EPS (vs. $6.33 consensus) and revenue rose 8.9% year-over-year; the stock carries a MarketBeat consensus rating of "Hold" with an average target of $342.14.
• Chubb declared a quarterly dividend of $0.97 (annualized $3.88, yield 1.2%; ex-dividend March 13, payable April 6), while insiders sold roughly 44,877 shares (~$14.9 million) over the last quarter.

Philip James Wealth Mangement LLC lifted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,200 shares of the financial services provider's stock after buying an additional 13,412 shares during the period. Chubb comprises about 2.3% of Philip James Wealth Mangement LLC's holdings, making the stock its 6th largest position. Philip James Wealth Mangement LLC's holdings in Chubb were worth $20,038,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CB. Berkshire Hathaway Inc boosted its holdings in Chubb by 15.9% during the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider's stock worth $8,843,710,000 after acquiring an additional 4,299,111 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Chubb by 75.1% in the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider's stock valued at $785,468,000 after purchasing an additional 1,199,963 shares during the last quarter. Woodline Partners LP bought a new position in shares of Chubb during the third quarter valued at about $220,217,000. Amundi lifted its position in shares of Chubb by 55.4% during the third quarter. Amundi now owns 1,946,622 shares of the financial services provider's stock valued at $557,493,000 after purchasing an additional 693,740 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider's stock worth $1,428,278,000 after purchasing an additional 513,852 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Stock Up 0.1%

Shares of NYSE CB opened at $328.55 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $128.21 billion, a PE ratio of 12.77, a P/E/G ratio of 1.75 and a beta of 0.49. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The business's fifty day moving average price is $326.08 and its 200-day moving average price is $304.54.

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

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be paid a $0.97 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb's dividend payout ratio (DPR) is presently 15.08%.

Insider Activity

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. The trade was a 2.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 44,877 shares of company stock valued at $14,885,226 over the last quarter. Company insiders own 0.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Chubb from $366.00 to $368.00 and gave the stock a "buy" rating in a research report on Monday, March 30th. Citigroup boosted their target price on Chubb from $335.00 to $385.00 and gave the stock a "buy" rating in a research note on Monday, February 9th. Mizuho upped their target price on Chubb from $317.00 to $336.00 and gave the company a "neutral" rating in a report on Friday, February 6th. UBS Group reaffirmed a "neutral" rating and set a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Finally, Evercore lifted their price target on Chubb from $346.00 to $347.00 and gave the stock an "outperform" rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $342.14.

Chubb Company 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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