Kestra Private Wealth Services LLC Has $7.24 Million Holdings in Chubb Limited (NYSE:CB)

Kestra Private Wealth Services LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 10.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 32,039 shares of the financial services provider’s stock after purchasing an additional 2,926 shares during the period. Kestra Private Wealth Services LLC’s holdings in Chubb were worth $7,241,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. ZRC Wealth Management LLC bought a new stake in shares of Chubb in the 4th quarter worth $29,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Chubb in the 4th quarter worth approximately $32,000. Naples Money Management LLC bought a new position in shares of Chubb in the fourth quarter valued at approximately $34,000. Bell Investment Advisors Inc lifted its holdings in Chubb by 39.6% during the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 59 shares during the period. Finally, Addison Advisors LLC raised its stake in shares of Chubb by 87.0% during the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of several research reports. TD Cowen started coverage on Chubb in a report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective for the company. HSBC reiterated a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Piper Sandler reiterated an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group increased their price objective on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb has an average rating of “Moderate Buy” and an average target price of $266.89.

Insider Buying and Selling at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Chubb news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock worth $29,766,694 over the last ninety days. Insiders own 0.86% of the company’s stock.

Chubb Price Performance

CB stock traded down $0.54 during midday trading on Tuesday, reaching $248.68. The company had a trading volume of 446,496 shares, compared to its average volume of 1,738,323. The firm has a 50-day moving average price of $252.29 and a 200-day moving average price of $236.17. The company has a market capitalization of $100.96 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.16 and a beta of 0.62. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter last year, the business posted $4.41 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, research analysts anticipate that Chubb Limited will post 21.17 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio is currently 15.27%.

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.