Keyes Stange & Wooten Wealth Management LLC Has $862,000 Stake in Chubb Limited (NYSE:CB)

Keyes Stange & Wooten Wealth Management LLC lowered its stake in Chubb Limited (NYSE:CB) by 15.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,989 shares of the financial services provider’s stock after selling 567 shares during the period. Chubb accounts for 0.5% of Keyes Stange & Wooten Wealth Management LLC’s portfolio, making the stock its 24th largest position. Keyes Stange & Wooten Wealth Management LLC’s holdings in Chubb were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Wellington Shields & Co. LLC acquired a new position in Chubb during the 1st quarter valued at about $94,000. EP Wealth Advisors LLC lifted its holdings in Chubb by 28.1% in the first quarter. EP Wealth Advisors LLC now owns 3,595 shares of the financial services provider’s stock valued at $931,000 after buying an additional 788 shares during the period. 1832 Asset Management L.P. boosted its stake in Chubb by 9.0% in the first quarter. 1832 Asset Management L.P. now owns 15,393 shares of the financial services provider’s stock valued at $3,989,000 after acquiring an additional 1,270 shares during the last quarter. Ascent Group LLC grew its holdings in Chubb by 382.6% during the 1st quarter. Ascent Group LLC now owns 6,182 shares of the financial services provider’s stock worth $1,602,000 after acquiring an additional 4,901 shares during the period. Finally, Paloma Partners Management Co bought a new stake in shares of Chubb during the 1st quarter valued at $1,190,000. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 4.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. This represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,715 shares of company stock valued at $23,803,540 in the last three months. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CB shares. Bank of America raised their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Piper Sandler upped their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Barclays initiated coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $287.37.

Chubb Stock Up 0.0 %

NYSE:CB opened at $285.21 on Friday. The company has a market cap of $114.97 billion, a PE ratio of 11.68, a PEG ratio of 6.62 and a beta of 0.67. The stock has a 50-day simple moving average of $287.46 and a 200 day simple moving average of $274.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $4.95 EPS. On average, sell-side analysts expect that Chubb Limited will post 21.77 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.28%. Chubb’s payout ratio is currently 14.91%.

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.