Strathmore Capital Advisors Inc. Buys New Position in Chubb Limited $CB

Strathmore Capital Advisors Inc. bought a new stake in shares of Chubb Limited (NYSE:CB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,878 shares of the financial services provider’s stock, valued at approximately $666,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cherry Tree Wealth Management LLC lifted its stake in shares of Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 31 shares during the period. Phillips Wealth Planners LLC increased its stake in shares of Chubb by 1.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 31 shares during the period. Hoxton Planning & Management LLC increased its stake in shares of Chubb by 4.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 31 shares during the period. G&S Capital LLC raised its holdings in Chubb by 1.5% during the fourth quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 34 shares in the last quarter. Finally, South Plains Financial Inc. raised its holdings in Chubb by 2.2% during the fourth quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 34 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CB shares. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. UBS Group boosted their price objective on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Citizens Jmp restated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods raised their target price on Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group lifted their target price on Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $361.00.

Chubb Stock Performance

Shares of CB opened at $341.45 on Thursday. The company has a 50-day moving average of $345.32 and a two-hundred day moving average of $333.02. The stock has a market cap of $131.73 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.71 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a one year low of $265.30 and a one year high of $365.91.

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

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given 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 payout ratio is presently 14.43%.

Insider Activity at Chubb

In other news, EVP Joseph F. Wayland sold 8,502 shares of the firm’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 completion of the sale, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO John W. Keogh sold 23,000 shares of the firm’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 of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.

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.