1,955 Shares in Chubb Limited $CB Acquired by Vantage Point Financial LLC

Vantage Point Financial LLC acquired a new position in shares of Chubb Limited (NYSE:CB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,955 shares of the financial services provider’s stock, valued at approximately $666,000.

Several 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% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 31 shares during the period. Phillips Wealth Planners LLC raised its holdings in Chubb by 1.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 31 shares during the last quarter. Hoxton Planning & Management LLC lifted its position in Chubb by 4.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 31 shares during the period. South Plains Financial Inc. boosted its stake in shares of Chubb by 2.2% in the 4th quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 34 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. grew its position in shares of Chubb by 0.8% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock worth $1,338,000 after buying an additional 34 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Chubb news, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the transaction, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the business’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 transaction, 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 disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.

Chubb Trading Up 0.3%

CB opened at $344.08 on Thursday. The firm’s fifty day moving average is $346.84 and its two-hundred day moving average is $333.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $132.75 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share 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 analysts’ expectations of $15.07 billion. During the same period last year, the firm posted $6.14 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 27.49 EPS for the current 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. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is currently 14.43%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CB. Morgan Stanley increased their price objective on shares of Chubb from $340.00 to $360.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Piper Sandler increased their price target on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Citigroup restated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Atlantic Securities set a $301.00 price objective on Chubb in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $354.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $361.00.

Chubb Company 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.