River Wealth Advisors LLC Purchases 1,638 Shares of Chubb Limited $CB

River Wealth Advisors LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,214 shares of the financial services provider’s stock after purchasing an additional 1,638 shares during the quarter. Chubb makes up approximately 1.1% of River Wealth Advisors LLC’s portfolio, making the stock its 22nd largest holding. River Wealth Advisors LLC’s holdings in Chubb were worth $9,657,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its stake in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC grew its stake in Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in Chubb during the 2nd quarter valued at $32,000. Cornerstone Planning Group LLC raised its holdings in Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb during the third quarter worth $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup lifted their price target on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, February 9th. HSBC raised their target price on Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Keefe, Bruyette & Woods lifted their target price on Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Morgan Stanley set a $350.00 price target on shares of Chubb in a report on Friday, January 16th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $366.00 price objective on shares of Chubb in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $340.81.

Insider Buying and Selling at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.77% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $340.29 on Friday. The stock has a market cap of $133.92 billion, a P/E ratio of 13.23, a PEG ratio of 2.17 and a beta of 0.49. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $315.97 and its two-hundred day moving average price is $295.71. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $342.69.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. Chubb’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $6.02 earnings per share. As a group, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.1%. Chubb’s dividend payout ratio (DPR) is 15.08%.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.