Checchi Capital Advisers LLC Purchases 75 Shares of Chubb Limited (NYSE:CB)

Checchi Capital Advisers LLC grew its stake in Chubb Limited (NYSE:CB) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,731 shares of the financial services provider’s stock after acquiring an additional 75 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Chubb were worth $952,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CB. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in Chubb during the 4th quarter worth approximately $33,177,000. Atria Wealth Solutions Inc. boosted its holdings in shares of Chubb by 1.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,889 shares of the financial services provider’s stock valued at $2,922,000 after buying an additional 160 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings in shares of Chubb by 55.1% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,465 shares of the financial services provider’s stock valued at $557,000 after buying an additional 876 shares during the last quarter. Addison Advisors LLC boosted its holdings in shares of Chubb by 87.0% in the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock valued at $49,000 after buying an additional 100 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Chubb by 0.9% in the 4th quarter. Russell Investments Group Ltd. now owns 303,354 shares of the financial services provider’s stock valued at $68,532,000 after buying an additional 2,828 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of a number of analyst reports. JMP Securities boosted their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 24th. Morgan Stanley reduced their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Keefe, Bruyette & Woods boosted their price target on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada boosted their price target on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $270.79.

Insider Buying and Selling

In other news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the sale, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. The disclosure for this sale can be found here. Insiders have sold a total of 14,521 shares of company stock worth $3,878,712 in the last ninety days. 0.86% of the stock is owned by insiders.

Chubb Price Performance

CB traded up $0.42 during trading on Wednesday, reaching $277.63. 519,817 shares of the company were exchanged, compared to its average volume of 1,600,863. The company’s 50-day moving average is $265.01 and its two-hundred day moving average is $258.62. Chubb Limited has a 12-month low of $198.67 and a 12-month high of $280.23. The company has a market cap of $112.73 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 5.21 and a beta of 0.66. The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter last year, the firm posted $4.92 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. Research analysts forecast that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.31%. Chubb’s payout ratio is 16.16%.

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.