Chubb Limited $CB Shares Bought by LVW Advisors LLC

LVW Advisors LLC raised its position in Chubb Limited (NYSE:CB) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,604 shares of the financial services provider’s stock after purchasing an additional 250 shares during the quarter. LVW Advisors LLC’s holdings in Chubb were worth $3,362,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Peoples Bank KS acquired a new position in shares of Chubb in the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chubb in the 1st quarter worth approximately $25,000. North Capital Inc. acquired a new position in shares of Chubb in the 1st quarter worth approximately $26,000. IMA Advisory Services Inc. acquired a new position in shares of Chubb in the 1st quarter worth approximately $31,000. Finally, 1248 Management LLC acquired a new position in shares of Chubb in the 1st quarter worth approximately $31,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider John J. Lupica sold 5,513 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Corbat bought 425 shares of the stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.77% of the company’s stock.

Chubb Trading Up 0.9%

Shares of NYSE:CB opened at $280.77 on Friday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company’s 50 day moving average is $273.84 and its two-hundred day moving average is $282.60. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a market cap of $111.94 billion, a PE ratio of 12.39, a P/E/G ratio of 3.14 and a beta of 0.56.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the prior year, the firm posted $5.38 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s dividend payout ratio is currently 17.12%.

Analyst Ratings Changes

CB has been the topic of several recent analyst reports. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. HSBC downgraded shares of Chubb from a “buy” rating to a “hold” rating and cut their target price for the stock from $317.00 to $300.00 in a research note on Friday, August 1st. Evercore ISI set a $312.00 target price on shares of Chubb in a research note on Wednesday, July 23rd. Morgan Stanley cut their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Finally, Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $303.06.

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.