Expressive Wealth LLC Makes New $645,000 Investment in Chubb Limited $CB

Expressive Wealth LLC purchased a new stake in Chubb Limited (NYSE:CB) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,893 shares of the financial services provider’s stock, valued at approximately $645,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CB. IMG Wealth Management Inc. bought a new stake in shares of Chubb in the 2nd quarter valued at about $25,000. Dunhill Financial LLC bought a new position in Chubb during the second quarter worth about $25,000. CBIZ Investment Advisory Services LLC increased its position in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. Frazier Financial Advisors LLC increased its position in Chubb by 86.4% during 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 last quarter. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Chubb in the first quarter valued at approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their target price on Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Wells Fargo & Company lowered their price target on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $361.00.

Chubb Trading Down 0.5%

Shares of NYSE CB opened at $341.15 on Friday. 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 52-week low of $265.30 and a 52-week high of $365.91. The firm has a 50 day moving average price of $345.88 and a two-hundred day moving average price of $333.31. The stock has a market cap of $131.62 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping 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 company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the previous year, the business earned $6.14 earnings per share. Chubb’s revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts forecast that Chubb Limited will post 27.49 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors 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 of this dividend is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is currently 14.43%.

Insider Activity

In other Chubb news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were 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 in the company, valued at $12,302,860.46. This trade represents 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 currently owned by insiders.

Chubb Profile

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.