Earned Wealth Advisors LLC Purchases 117 Shares of Chubb Limited $CB

Earned Wealth Advisors LLC increased its position in Chubb Limited (NYSE:CB) by 11.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,183 shares of the financial services provider’s stock after buying an additional 117 shares during the quarter. Earned Wealth Advisors LLC’s holdings in Chubb were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. E Fund Management Co. Ltd. lifted its position in Chubb by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock worth $291,000 after buying an additional 36 shares during the last quarter. Rise Advisors LLC lifted its position in Chubb by 4.6% in the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 37 shares during the last quarter. Avantax Planning Partners Inc. lifted its position in Chubb by 5.1% in the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 38 shares during the last quarter. Sky Investment Group LLC lifted its position in Chubb by 1.6% in the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 38 shares during the last quarter. Finally, Evermay Wealth Management LLC lifted its position in Chubb by 2.3% in the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CB shares. Wells Fargo & Company boosted their price objective on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Piper Sandler reiterated a “neutral” rating and issued a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Citigroup boosted their price objective on Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, Bank of America boosted their price objective on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $307.79.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the sale, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.77% of the stock is currently owned by insiders.

Chubb Price Performance

CB opened at $277.13 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The stock has a market capitalization of $109.07 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The stock’s 50 day moving average price is $277.80 and its 200-day moving average price is $280.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the previous year, the firm earned $5.72 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio is presently 16.19%.

About Chubb

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.