Wedbush Securities Inc. Has $4.86 Million Stock Holdings in Chubb Limited $CB

Wedbush Securities Inc. boosted its holdings in shares of Chubb Limited (NYSE:CB) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,772 shares of the financial services provider’s stock after buying an additional 520 shares during the period. Wedbush Securities Inc.’s holdings in Chubb were worth $4,859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CB. Vestmark Advisory Solutions Inc. increased its holdings in shares of Chubb by 435.4% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 11,683 shares of the financial services provider’s stock valued at $3,385,000 after purchasing an additional 9,501 shares during the period. Zevin Asset Management LLC boosted its holdings in shares of Chubb by 1.3% during the second quarter. Zevin Asset Management LLC now owns 48,447 shares of the financial services provider’s stock worth $14,036,000 after purchasing an additional 643 shares during the period. Princeton Capital Management LLC grew its position in Chubb by 10.2% during the second quarter. Princeton Capital Management LLC now owns 843 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 78 shares in the last quarter. Atlas Legacy Advisors LLC increased its stake in Chubb by 35.8% in the 2nd quarter. Atlas Legacy Advisors LLC now owns 3,253 shares of the financial services provider’s stock valued at $942,000 after buying an additional 857 shares during the period. Finally, Savant Capital LLC increased its stake in Chubb by 6.6% in the 2nd quarter. Savant Capital LLC now owns 17,411 shares of the financial services provider’s stock valued at $5,044,000 after buying an additional 1,073 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE:CB opened at $287.45 on Friday. The stock has a market capitalization of $113.13 billion, a P/E ratio of 12.00, a P/E/G ratio of 2.74 and a beta of 0.58. The business has a 50-day moving average of $278.79 and a two-hundred day moving average of $280.64. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28.

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

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is presently 16.19%.

Insider Activity

In related news, insider John J. Lupica sold 23,698 shares of the firm’s 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 directly owned 90,600 shares in the company, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

CB has been the subject of a number of research reports. BMO Capital Markets reissued a “market perform” rating and set a $283.00 target price on shares of Chubb in a research note on Thursday, October 23rd. Wells Fargo & Company lifted their price objective on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Bank of America boosted their target price on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $300.00 target price on shares of Chubb in a research report on Monday, October 27th. Finally, Piper Sandler reiterated a “neutral” rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and a consensus target price of $307.79.

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.