Chubb Limited $CB Holdings Raised by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC increased its stake in Chubb Limited (NYSE:CB) by 21.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,737 shares of the financial services provider’s stock after purchasing an additional 302 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Chubb were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. IMA Advisory Services Inc. acquired a new position in shares of Chubb in the first quarter worth about $31,000. 1248 Management LLC purchased a new stake in shares of Chubb in the 1st quarter valued at approximately $31,000. WPG Advisers LLC acquired a new position in Chubb in the 1st quarter worth approximately $33,000. Maseco LLP purchased a new position in Chubb during the 2nd quarter worth approximately $35,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in Chubb by 391.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CB. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, October 22nd. Hsbc Global Res lowered Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Citigroup upped their target price on Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a report on Friday, October 24th. Piper Sandler restated a “neutral” rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Finally, Jefferies Financial Group boosted their price objective on shares of Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus price target of $307.79.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is owned by insiders.

Chubb Trading Up 1.6%

Shares of NYSE CB opened at $287.45 on Friday. The business has a 50 day simple moving average of $278.79 and a 200 day simple moving average of $280.64. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The stock has a market cap of $113.13 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27.

Chubb (NYSE:CB) last posted 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 analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.72 earnings per share. On average, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued 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 1.3%. Chubb’s dividend payout ratio is currently 16.19%.

About Chubb

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.