Chubb Limited (NYSE:CB) Stock Position Increased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lifted its position in Chubb Limited (NYSE:CB) by 2.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,873 shares of the financial services provider’s stock after buying an additional 297 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Chubb were worth $2,818,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CB. Alphinity Investment Management Pty Ltd grew its holdings in shares of Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after buying an additional 324,019 shares in the last quarter. ING Groep NV grew its stake in Chubb by 175,378.1% in the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock valued at $25,381,000 after purchasing an additional 112,242 shares in the last quarter. Graypoint LLC grew its stake in Chubb by 1,275.7% in the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after purchasing an additional 29,302 shares in the last quarter. Bison Wealth LLC purchased a new position in Chubb in the fourth quarter valued at about $263,000. Finally, Van Leeuwen & Company LLC grew its stake in Chubb by 602.7% in the fourth quarter. Van Leeuwen & Company LLC now owns 7,941 shares of the financial services provider’s stock valued at $1,795,000 after purchasing an additional 6,811 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent research reports. Bank of America boosted their target price on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Morgan Stanley reduced their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. JMP Securities boosted their price target on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI boosted their price target on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $270.79.

Chubb Stock Performance

Shares of Chubb stock opened at $274.56 on Thursday. The stock’s fifty day simple moving average is $262.57 and its 200 day simple moving average is $254.62. The company has a market capitalization of $110.90 billion, a PE ratio of 12.23, a PEG ratio of 5.30 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $198.10 and a 12 month high of $277.91.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.92 EPS. On average, research analysts predict that Chubb Limited will post 21.15 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a $0.91 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Insider Activity

In related news, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the transaction, the chief accounting officer now owns 7,718 shares in the company, valued at $2,036,085.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chubb news, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the transaction, the chief accounting officer now owns 7,718 shares in the company, valued at approximately $2,036,085.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the transaction, the director now owns 39,295 shares in the company, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Insiders sold 47,552 shares of company stock worth $12,149,985 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

Chubb 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.