Vest Financial LLC Buys 15,394 Shares of Chubb Limited $CB

Vest Financial LLC increased its position in shares of Chubb Limited (NYSE:CB) by 3.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 419,843 shares of the financial services provider’s stock after acquiring an additional 15,394 shares during the quarter. Chubb comprises approximately 1.4% of Vest Financial LLC’s portfolio, making the stock its 6th biggest holding. Vest Financial LLC’s holdings in Chubb were worth $136,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in shares of Chubb in the second quarter valued at about $25,000. Dunhill Financial LLC acquired a new stake in Chubb during the second quarter worth about $25,000. Parvin Asset Management LLC purchased a new position in Chubb during the second quarter worth about $26,000. Highland Investment Advisors LLC purchased a new position in Chubb during the second quarter worth about $26,000. Finally, Frazier Financial Advisors LLC raised its stake 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 purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb News Roundup

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Quarterly results exceeded expectations. Chubb reported $7.66 in adjusted earnings per share, above the $6.79 consensus estimate, while revenue reached $16.20 billion versus expectations of $15.71 billion. Earnings also increased from $7.49 per share a year earlier. Chubb quarterly earnings report
• Positive Sentiment: Underlying business momentum remained strong. Core operating income totaled approximately $2.98 billion, overseas general property-and-casualty premiums grew 6.7%, and net premiums written increased. Record investment income and higher life-insurance income also helped offset pressure in underwriting. Chubb long-term investor takeaways
• Positive Sentiment: Analyst sentiment improved in one notable instance. Zacks upgraded Chubb to a Rank #2, or Buy, citing improved earnings prospects, which could support investor interest. Zacks Chubb upgrade
• Neutral Sentiment: Management maintained an upbeat outlook. The earnings call highlighted profitability, premium growth and continued benefits from investment income, but investors are evaluating whether the strong performance is already reflected in the share price. Chubb earnings call highlights
• Negative Sentiment: Catastrophe losses pressured underwriting results. Rising catastrophe claims remain a risk for future earnings and temper the otherwise strong quarter. Cantor Fitzgerald reaffirmed a Neutral rating with a $333 price target, below the stock’s recently reported $354.81 level, while another analysis said much of the strong Q3 performance may already be reflected in the valuation. Chubb valuation analysis

Chubb Stock Performance

Shares of Chubb stock opened at $354.81 on Thursday. The firm has a market cap of $136.89 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 52 week low of $272.20 and a 52 week high of $365.91. The business’s fifty day simple moving average is $341.06 and its 200-day simple moving average is $337.07.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. The firm had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.71 billion. Chubb had a return on equity of 14.33% and a net margin of 18.15%. During the same period last year, the company earned $7.49 EPS. Equities analysts forecast that Chubb Limited will post 27.72 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a $1.02 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb’s dividend payout ratio is presently 14.43%.

Insider Transactions at Chubb

In other Chubb news, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares in the company, valued at $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph Wayland sold 8,502 shares of Chubb stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 target price on shares of Chubb in a report on Wednesday, July 22nd. HSBC restated a “hold” rating and set a $359.00 price target on shares of Chubb in a report on Wednesday, October 7th. UBS Group raised their price target on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. reduced their price target on shares of Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Finally, Piper Sandler lifted their price target on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $358.36.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.