Chubb Limited $CB Shares Bought by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 48.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,725 shares of the financial services provider’s stock after purchasing an additional 564 shares during the period. Evernest Financial Advisors LLC’s holdings in Chubb were worth $500,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. GQG Partners LLC raised its stake in Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after acquiring an additional 4,964,298 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after purchasing an additional 304,751 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Chubb by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock valued at $840,756,000 after purchasing an additional 30,334 shares during the period. Nuveen LLC acquired a new position in shares of Chubb during the first quarter valued at approximately $562,221,000. Finally, AQR Capital Management LLC increased its stake in shares of Chubb by 19.6% during the first quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock valued at $423,826,000 after acquiring an additional 231,404 shares during the period. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CB shares. Wells Fargo & Company raised their target price on shares of Chubb from $267.00 to $277.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Evercore ISI raised their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Bank of America raised their price objective on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research note on Tuesday, September 16th. Finally, UBS Group dropped their price target on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $305.28.

Insider Buying and Selling

In other news, Director Michael Corbat bought 425 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were purchased 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 of the company’s stock, valued at $661,010. The trade was a 20.99% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.77% of the stock is owned by company insiders.

Chubb Price Performance

CB opened at $278.71 on Thursday. The stock has a market cap of $111.12 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 3.20 and a beta of 0.54. The stock has a fifty day moving average price of $277.49 and a 200 day moving average price of $281.70. 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 1 year low of $252.16 and a 1 year high of $306.91.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 17.12%.

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.