Wealthspire Advisors LLC Raises Stock Holdings in Chubb Limited (NYSE:CB)

Wealthspire Advisors LLC raised its position in shares of Chubb Limited (NYSE:CB) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,678 shares of the financial services provider’s stock after buying an additional 97 shares during the period. Wealthspire Advisors LLC’s holdings in Chubb were worth $938,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CB. Thoroughbred Financial Services LLC boosted its holdings in shares of Chubb by 37.3% during the second quarter. Thoroughbred Financial Services LLC now owns 8,664 shares of the financial services provider’s stock worth $2,210,000 after purchasing an additional 2,356 shares during the period. Parallel Advisors LLC raised its position in Chubb by 8.8% during the 2nd quarter. Parallel Advisors LLC now owns 5,630 shares of the financial services provider’s stock valued at $1,436,000 after purchasing an additional 454 shares during the last quarter. Stoneridge Investment Partners LLC lifted its holdings in Chubb by 142.9% in the 2nd quarter. Stoneridge Investment Partners LLC now owns 9,374 shares of the financial services provider’s stock worth $2,391,000 after buying an additional 5,515 shares during the period. Dai ichi Life Insurance Company Ltd grew its position in shares of Chubb by 215.9% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 86,381 shares of the financial services provider’s stock worth $22,034,000 after buying an additional 59,038 shares during the last quarter. Finally, Fiduciary Group LLC increased its stake in shares of Chubb by 1.3% during the second quarter. Fiduciary Group LLC now owns 4,092 shares of the financial services provider’s stock valued at $1,044,000 after buying an additional 51 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insider Activity

In other news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the transaction, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The disclosure for this sale can be found here. Insiders have sold a total of 94,836 shares of company stock valued at $27,055,900 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CB. JMP Securities raised their price target on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. Bank of America lifted their target price on shares of Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Roth Mkm increased their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Royal Bank of Canada upped their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus price target of $274.70.

Chubb Price Performance

Shares of NYSE CB opened at $288.87 on Monday. The firm has a market cap of $116.68 billion, a P/E ratio of 12.82, a PEG ratio of 5.59 and a beta of 0.66. Chubb Limited has a twelve month low of $204.15 and a twelve month high of $294.18. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $272.40 and a 200 day moving average of $262.03.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.92 EPS. As a group, research analysts expect that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

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.