Claro Advisors LLC Has $1.31 Million Position in Chubb Limited $CB

Claro Advisors LLC lessened its position in Chubb Limited (NYSE:CB) by 38.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,535 shares of the financial services provider’s stock after selling 2,834 shares during the period. Claro Advisors LLC’s holdings in Chubb were worth $1,314,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. E Fund Management Co. Ltd. boosted its stake in shares of Chubb by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 36 shares in the last quarter. Rise Advisors LLC boosted its stake in shares of Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 37 shares in the last quarter. Sky Investment Group LLC boosted its stake in shares of Chubb by 1.6% in the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 38 shares in the last quarter. Evermay Wealth Management LLC boosted its stake in shares of Chubb by 2.3% in the 2nd quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 38 shares in the last quarter. Finally, Lincoln Capital LLC boosted its stake in shares of Chubb by 0.6% in the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock valued at $2,022,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 2.7%

Shares of NYSE:CB opened at $285.63 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. The stock has a market cap of $112.41 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 2.74 and a beta of 0.54. The company has a 50 day moving average of $278.14 and a 200-day moving average of $280.56. Chubb Limited has a one year low of $252.16 and a one year high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.72 earnings per share. On average, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s payout ratio is 16.19%.

Analyst Ratings Changes

Several brokerages have recently commented on CB. Wells Fargo & Company boosted their target price on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. BMO Capital Markets reissued a “market perform” rating and set a $283.00 price objective on shares of Chubb in a report on Thursday, October 23rd. Barclays boosted their target price on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $300.00 target price on shares of Chubb in a research note on Monday, October 27th. Finally, Morgan Stanley dropped their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $307.79.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.77% of the stock is currently owned by company insiders.

Chubb 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.