Diversify Wealth Management LLC Acquires New Shares in Chubb Limited $CB

Diversify Wealth Management LLC bought a new stake in shares of Chubb Limited (NYSE:CB) during the 1st quarter, HoldingsChannel reports. The firm bought 2,837 shares of the financial services provider’s stock, valued at approximately $924,000.

A number of other institutional investors and hedge funds have also modified their holdings of CB. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Merkkuri Wealth Advisors LLC bought a new stake in Chubb in the 1st quarter worth about $29,000. Laurel Wealth Advisors LLC bought a new stake in Chubb in the 4th quarter worth about $31,000. Ares Financial Consulting LLC purchased a new position in Chubb in the 4th quarter worth about $32,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Chubb during the 3rd quarter valued at about $31,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Bank of America cut their price target on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Citizens Jmp lifted their price objective on Chubb from $365.00 to $400.00 and gave the company a “market outperform” rating in a research report on Friday, July 10th. The Goldman Sachs Group boosted their price objective on Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Barclays set a $387.00 price target on shares of Chubb in a report on Tuesday, July 7th. Finally, Wells Fargo & Company upped their price target on shares of Chubb from $333.00 to $358.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $357.73.

Chubb Stock Up 1.5%

NYSE CB opened at $342.66 on Friday. The stock’s 50 day moving average is $331.67 and its 200 day moving average is $325.50. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $365.29. The stock has a market cap of $132.90 billion, a PE ratio of 12.10, a P/E/G ratio of 1.73 and a beta of 0.40.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Research analysts predict that Chubb Limited will post 26.76 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a dividend of $1.02 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, June 12th. Chubb’s dividend payout ratio (DPR) is currently 14.41%.

Chubb Company Profile

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.