Leo Wealth LLC Decreases Stake in Chubb Limited (NYSE:CB)

Leo Wealth LLC lessened its position in shares of Chubb Limited (NYSE:CB) by 14.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 906 shares of the financial services provider’s stock after selling 152 shares during the quarter. Leo Wealth LLC’s holdings in Chubb were worth $261,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CB. Pathway Financial Advisers LLC bought a new stake in Chubb in the first quarter worth $25,000. Beacon Capital Management LLC raised its position in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares in the last quarter. Chilton Capital Management LLC purchased a new position in Chubb in the second quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in Chubb during the second quarter worth approximately $28,000. Finally, Wellington Shields Capital Management LLC purchased a new stake in Chubb during the first quarter valued at approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB opened at $297.11 on Wednesday. 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 market capitalization of $120.64 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The firm has a 50 day moving average of $285.98 and a 200 day moving average of $268.72. Chubb Limited has a 52 week low of $205.64 and a 52 week high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. During the same period in the prior year, the business posted $4.92 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts predict that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s payout ratio is 16.16%.

Insider Activity

In related news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price target on shares of Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective on the stock. Keefe, Bruyette & Woods boosted their target price on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus target price of $282.37.

About Chubb

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.