Chubb Limited $CB Stake Raised by Modern Wealth Management LLC

Modern Wealth Management LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 57.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,385 shares of the financial services provider’s stock after purchasing an additional 1,595 shares during the period. Modern Wealth Management LLC’s holdings in Chubb were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CBIZ Investment Advisory Services LLC grew its position in Chubb by 148.5% in 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 grew its holdings in shares of Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Chubb during the first quarter worth $29,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Chubb during the fourth quarter valued at $31,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of Chubb during the fourth quarter valued at $32,000. 83.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.37% of the stock is owned by corporate insiders.

Chubb Stock Performance

NYSE CB opened at $359.78 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.36 and a quick ratio of 0.28. The firm has a market capitalization of $139.55 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.80 and a beta of 0.40. The company’s fifty day moving average is $335.55 and its two-hundred day moving average is $327.09. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm had revenue of $16.01 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same period in the previous year, the company posted $6.14 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts forecast that Chubb Limited will post 27.15 EPS for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.1%. This is an increase from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s dividend payout ratio (DPR) is 14.43%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CB shares. JPMorgan Chase & Co. boosted their price objective on Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and boosted their price target for the company from $370.00 to $373.00 in a report on Monday, July 6th. Citizens Jmp restated a “market outperform” rating and issued a $400.00 price target on shares of Chubb in a research report on Wednesday. Evercore reissued an “outperform” rating and set a $374.00 price target on shares of Chubb in a research report on Friday, July 10th. Finally, Wolfe Research upped their price objective on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $360.09.

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.