CreativeOne Wealth LLC Invests $266,000 in Chubb Limited (NYSE:CB)

CreativeOne Wealth LLC bought a new stake in Chubb Limited (NYSE:CB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 921 shares of the financial services provider’s stock, valued at approximately $266,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Townsquare Capital LLC boosted its stake in Chubb by 37.1% during the third quarter. Townsquare Capital LLC now owns 9,274 shares of the financial services provider’s stock worth $2,675,000 after buying an additional 2,511 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its holdings in shares of Chubb by 299.6% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 939 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 704 shares during the period. Avestar Capital LLC boosted its position in shares of Chubb by 5.2% during the 3rd quarter. Avestar Capital LLC now owns 2,812 shares of the financial services provider’s stock valued at $811,000 after acquiring an additional 140 shares in the last quarter. Brooklyn Investment Group increased its stake in Chubb by 8.8% in the third quarter. Brooklyn Investment Group now owns 2,349 shares of the financial services provider’s stock valued at $677,000 after acquiring an additional 190 shares during the period. Finally, D.A. Davidson & CO. raised its position in Chubb by 0.4% in the third quarter. D.A. Davidson & CO. now owns 235,262 shares of the financial services provider’s stock worth $67,847,000 after purchasing an additional 934 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America boosted their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler increased their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and an average target price of $287.37.

Chubb Stock Up 0.4 %

Shares of Chubb stock opened at $289.91 on Tuesday. The business has a fifty day simple moving average of $287.30 and a 200 day simple moving average of $275.81. The stock has a market cap of $116.86 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 6.73 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the company earned $4.95 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts predict that Chubb Limited will post 21.82 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.26%. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 4.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 6,599 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $287.06, for a total transaction of $1,894,308.94. Following the sale, the executive vice president now owns 84,101 shares in the company, valued at approximately $24,142,033.06. The trade was a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,454 shares of company stock valued at $19,446,155 over the last three months. 0.86% of the stock is currently owned by corporate insiders.

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.