Liberty Wealth Management LLC Purchases 23,896 Shares of Chubb Limited (NYSE:CB)

Liberty Wealth Management LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 14,570.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,060 shares of the financial services provider’s stock after purchasing an additional 23,896 shares during the quarter. Liberty Wealth Management LLC’s holdings in Chubb were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in CB. First Personal Financial Services acquired a new position in shares of Chubb during the 2nd quarter worth about $34,000. Altshuler Shaham Ltd acquired a new position in shares of Chubb during the 1st quarter worth about $34,000. Samalin Investment Counsel LLC acquired a new position in shares of Chubb during the 2nd quarter worth about $35,000. Gradient Investments LLC grew its position in shares of Chubb by 145.1% during the 2nd quarter. Gradient Investments LLC now owns 223 shares of the financial services provider’s stock worth $36,000 after buying an additional 132 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Chubb by 107.0% during the 2nd quarter. Jones Financial Companies Lllp now owns 236 shares of the financial services provider’s stock worth $38,000 after buying an additional 122 shares during the period. 86.68% of the stock is owned by hedge funds and other institutional investors.

In other news, insider John J. Lupica sold 10,140 shares of the company’s stock in a transaction that occurred on Wednesday, August 11th. The stock was sold at an average price of $180.00, for a total transaction of $1,825,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 5,277 shares of the stock in a transaction on Tuesday, September 7th. The shares were sold at an average price of $181.92, for a total value of $959,991.84. Following the completion of the sale, the executive vice president now owns 79,088 shares in the company, valued at approximately $14,387,688.96. The disclosure for this sale can be found here. Insiders sold a total of 59,188 shares of company stock worth $10,920,772 in the last 90 days. Company insiders own 0.41% of the company’s stock.

CB has been the subject of several analyst reports. Evercore ISI restated a “buy” rating on shares of Chubb in a research report on Sunday. Royal Bank of Canada boosted their target price on Chubb from $184.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, July 29th. Zacks Investment Research lowered Chubb from a “buy” rating to a “hold” rating and set a $185.00 price objective for the company. in a research report on Tuesday, September 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on Chubb from $142.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 12th. Finally, Wolfe Research began coverage on Chubb in a research report on Monday, August 16th. They issued an “outperform” rating and a $231.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb presently has an average rating of “Buy” and a consensus target price of $180.56.

NYSE CB opened at $182.24 on Thursday. The stock has a market capitalization of $79.96 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 1.45 and a beta of 0.73. The stock’s 50 day moving average price is $180.65 and its two-hundred day moving average price is $170.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 0.32. Chubb Limited has a 52 week low of $116.50 and a 52 week high of $187.90.

Chubb (NYSE:CB) last released its earnings results on Monday, July 26th. The financial services provider reported $3.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.01 by $0.61. The firm had revenue of $9.55 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Chubb had a return on equity of 8.70% and a net margin of 20.42%. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.56) EPS. On average, equities research analysts forecast that Chubb Limited will post 12.42 EPS for the current year.

Chubb announced that its board has approved a stock repurchase program on Monday, July 19th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, October 8th. Shareholders of record on Friday, September 17th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.76%. The ex-dividend date was Thursday, September 16th. Chubb’s payout ratio is 43.78%.

Chubb Company Profile

Chubb Ltd. is a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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