Ethos Financial Group LLC Takes Position in Chubb Limited $CB

Ethos Financial Group LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 3,809 shares of the financial services provider’s stock, valued at approximately $1,107,000.

Several other large investors have also added to or reduced their stakes in the stock. IMA Advisory Services Inc. bought a new stake in shares of Chubb during the first quarter valued at about $31,000. 1248 Management LLC bought a new position in shares of Chubb in the first quarter valued at approximately $31,000. WPG Advisers LLC purchased a new position in Chubb during the first quarter valued at approximately $33,000. Maseco LLP bought a new stake in Chubb during the 2nd quarter worth approximately $35,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in Chubb by 391.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the transaction, the insider owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CB shares. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Wells Fargo & Company boosted their target price on Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Piper Sandler reaffirmed a “neutral” rating and issued a $283.00 price target (down previously from $335.00) on shares of Chubb in a report on Thursday, July 24th. HSBC lifted their price target on Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. Finally, Barclays upped their price objective on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $307.79.

Chubb Price Performance

CB opened at $283.01 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $111.38 billion, a P/E ratio of 11.81, a PEG ratio of 2.74 and a beta of 0.58. The stock has a 50-day moving average price of $278.55 and a 200-day moving average price of $280.59. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB) last released its 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 company had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.72 EPS. Equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

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.