Souders Financial Advisors Has $297,000 Holdings in Chubb Limited $CB

Souders Financial Advisors grew its stake in shares of Chubb Limited (NYSE:CB) by 48.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,024 shares of the financial services provider’s stock after acquiring an additional 333 shares during the period. Souders Financial Advisors’ holdings in Chubb were worth $297,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new position in shares of Chubb during the 1st quarter valued at about $31,000. 1248 Management LLC acquired a new position in shares of Chubb during the first quarter valued at about $31,000. WPG Advisers LLC bought a new stake in shares of Chubb in the 1st quarter worth approximately $33,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Chubb by 391.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 94 shares during the period. Finally, Maseco LLP acquired a new stake in shares of Chubb during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.1%

Chubb stock opened at $283.01 on Friday. The stock has a 50-day simple moving average of $278.55 and a 200 day simple moving average of $280.59. The stock has a market capitalization of $111.38 billion, a P/E ratio of 11.81, a PEG ratio of 2.74 and a beta of 0.58. 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.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the prior year, the business earned $5.72 EPS. Chubb’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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

Insider Activity

In related news, insider John J. Lupica sold 23,698 shares of the firm’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 transaction, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This trade 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 accessible through this link. Company insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CB. Jefferies Financial Group lifted their price target on shares of Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $309.00 target price on shares of Chubb in a research report on Monday, October 27th. Cantor Fitzgerald reissued a “neutral” rating and set a $300.00 price objective on shares of Chubb in a research note on Monday, October 27th. HSBC increased their price target on Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. Finally, JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $307.79.

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.