Chubb Limited $CB Shares Purchased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC lifted its stake in Chubb Limited (NYSE:CB) by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,733 shares of the financial services provider’s stock after purchasing an additional 85 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Chubb were worth $502,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CB. Brighton Jones LLC increased its stake in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Chubb during the fourth quarter worth $205,000. GAMMA Investing LLC increased its stake in Chubb by 22.3% during the first quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock worth $2,084,000 after acquiring an additional 1,258 shares during the last quarter. Continuum Advisory LLC increased its stake in Chubb by 59.4% during the first quarter. Continuum Advisory LLC now owns 161 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 60 shares during the last quarter. Finally, Legacy Advisors LLC increased its stake in Chubb by 16.5% during the first quarter. Legacy Advisors LLC now owns 1,413 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CB shares. Piper Sandler reissued a “neutral” rating and set a $283.00 target price (down previously from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Citigroup assumed coverage on Chubb in a research note on Wednesday, August 13th. They set a “buy” rating and a $326.00 target price for the company. Jefferies Financial Group raised their price target on Chubb from $295.00 to $297.00 and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Wolfe Research upgraded Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, UBS Group lowered their price target on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $305.28.

Insiders Place Their Bets

In other news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the transaction, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is currently owned by corporate insiders.

Chubb Trading Up 2.7%

NYSE:CB opened at $276.47 on Thursday. The firm has a market cap of $110.23 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 3.03 and a beta of 0.54. The stock has a fifty day moving average price of $277.36 and a 200 day moving average price of $280.74. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 13.23% and a net margin of 16.53%.Chubb’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $5.72 earnings per share. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a $0.97 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is currently 17.12%.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.