Principle Wealth Partners LLC Makes New $1.23 Million Investment in Chubb Limited $CB

Principle Wealth Partners LLC bought a new position in Chubb Limited (NYSE:CB) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 3,616 shares of the financial services provider’s stock, valued at approximately $1,232,000.

Other large investors have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC increased its position in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the period. Frazier Financial Advisors LLC lifted its holdings in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after buying an additional 38 shares during the period. Merkkuri Wealth Advisors LLC purchased a new stake in Chubb in the first quarter worth about $29,000. Laurel Wealth Advisors LLC bought a new stake in Chubb during the 4th quarter valued at approximately $31,000. Finally, Ares Financial Consulting LLC bought a new stake in Chubb during the 4th quarter valued at approximately $32,000. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $341.24 on Tuesday. The stock has a market cap of $131.65 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.70 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The firm’s 50-day simple moving average is $344.69 and its two-hundred day simple moving average is $332.47.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter last year, the firm earned $6.14 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts anticipate that Chubb Limited will post 27.45 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $1.02 dividend. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is presently 14.43%.

Wall Street Analyst Weigh In

CB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Atlantic Securities set a $301.00 target price on Chubb in a research note on Wednesday, July 15th. UBS Group lifted their price target on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Wells Fargo & Company reduced their price target on Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 23rd. Finally, Morgan Stanley increased their price objective on Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus target price of $360.09.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is owned by company insiders.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.