18,923 Shares in Chubb Limited $CB Purchased by Compass Wealth Management LLC

Compass Wealth Management LLC acquired a new position in Chubb Limited (NYSE:CB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,923 shares of the financial services provider’s stock, valued at approximately $6,448,000. Chubb comprises about 1.2% of Compass Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding.

Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in Chubb by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after acquiring an additional 5,225 shares during the period. waypoint wealth counsel increased its stake in Chubb by 76.4% in the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after purchasing an additional 1,784 shares during the period. National Pension Service increased its stake in Chubb by 24.4% in the fourth quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock worth $358,462,000 after purchasing an additional 225,515 shares during the period. Harbour Investments Inc. lifted its position in shares of Chubb by 884.1% during the fourth quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock worth $3,108,000 after purchasing an additional 8,947 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Chubb by 16.8% during the first quarter. Bessemer Group Inc. now owns 16,639 shares of the financial services provider’s stock worth $5,424,000 after purchasing an additional 2,389 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CB. Atlantic Securities set a $301.00 price target on shares of Chubb in a report on Wednesday, July 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Cantor Fitzgerald boosted their price objective on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Evercore reissued an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research report on Friday, July 10th. Finally, Mizuho upped their target price on shares of Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $360.09.

Insider Activity

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

Chubb Price Performance

Shares of CB stock opened at $345.56 on Wednesday. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The stock has a market capitalization of $133.32 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.70 and a beta of 0.39. The stock has a fifty day simple moving average of $345.10 and a two-hundred day simple moving average of $332.77. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

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

Chubb Dividend Announcement

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

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.