Chubb Limited $CB Shares Bought by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC raised its stake in Chubb Limited (NYSE:CB) by 10.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,657 shares of the financial services provider’s stock after acquiring an additional 262 shares during the period. Crestwood Advisors Group LLC’s holdings in Chubb were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. E Fund Management Co. Ltd. grew its position in 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 buying an additional 36 shares during the last quarter. Rise Advisors LLC lifted 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 worth $254,000 after acquiring an additional 37 shares during the period. Sky Investment Group LLC boosted its holdings in shares of Chubb by 1.6% in the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after acquiring an additional 38 shares in the last quarter. Evermay Wealth Management LLC increased its stake in shares of Chubb by 2.3% during the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 38 shares during the period. Finally, Lincoln Capital LLC raised its holdings in Chubb by 0.6% during the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock worth $2,022,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.1%

Shares of CB stock opened at $283.01 on Friday. The stock has a market cap of $111.38 billion, a P/E ratio of 11.81, a P/E/G ratio of 2.74 and a beta of 0.58. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The business has a fifty day simple moving average of $278.55 and a 200-day simple moving average of $280.59.

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

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders 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 dividend payout ratio (DPR) is 16.19%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CB shares. Jefferies Financial Group lifted their price objective on Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Evercore ISI lifted their price target on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Wolfe Research increased their price objective on Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. UBS Group boosted their target price on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Bank of America increased their price target on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chubb has an average rating of “Hold” and a consensus price target of $307.79.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares in the company, valued at $25,458,600. The trade was a 20.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.