Wilmington Savings Fund Society FSB Acquires 535 Shares of Chubb Limited $CB

Wilmington Savings Fund Society FSB boosted its holdings in shares of Chubb Limited (NYSE:CB) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,314 shares of the financial services provider’s stock after buying an additional 535 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Chubb were worth $5,596,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Chubb during the first quarter valued at $25,000. North Capital Inc. purchased a new stake in Chubb during the first quarter valued at about $26,000. IMA Advisory Services Inc. purchased a new stake in Chubb during the first quarter valued at about $31,000. 1248 Management LLC purchased a new stake in Chubb during the first quarter valued at about $31,000. Finally, WPG Advisers LLC purchased a new stake in Chubb during the first quarter valued at about $33,000. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CB. Bank of America raised their price target on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Cantor Fitzgerald upgraded Chubb to a “hold” rating in a research report on Wednesday, August 13th. Jefferies Financial Group raised their price target on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a research report on Tuesday, October 7th. Finally, Piper Sandler restated a “neutral” rating and set a $283.00 price target (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $305.28.

Chubb Stock Up 0.7%

CB opened at $284.60 on Wednesday. The company has a market cap of $113.47 billion, a P/E ratio of 12.55, a P/E/G ratio of 3.15 and a beta of 0.54. The business’s 50-day moving average price is $277.30 and its 200-day moving average price is $281.72. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.38 earnings per share. On average, equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is currently 17.12%.

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.