Cetera Investment Advisers Increases Position in Chubb Limited $CB

Cetera Investment Advisers grew its holdings in shares of Chubb Limited (NYSE:CB) by 6.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 174,763 shares of the financial services provider’s stock after buying an additional 11,224 shares during the quarter. Cetera Investment Advisers’ holdings in Chubb were worth $56,961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CB. CBIZ Investment Advisory Services LLC lifted its position 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 worth $26,000 after purchasing an additional 49 shares during the last quarter. Frazier Financial Advisors LLC boosted its position in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares during the period. Merkkuri Wealth Advisors LLC bought a new position in Chubb in the 1st quarter worth about $29,000. Laurel Wealth Advisors LLC purchased a new position in shares of Chubb during the fourth quarter worth approximately $31,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Chubb during the fourth quarter worth approximately $32,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

CB opened at $359.78 on Friday. The firm has a market capitalization of $139.55 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.77 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.36 and a quick ratio of 0.28. The business’s 50-day moving average is $335.55 and its two-hundred day moving average is $327.09. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $365.29.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $16.01 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same period in the prior year, the firm posted $6.14 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts anticipate that Chubb Limited will post 27.08 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.1%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date was Friday, June 12th. Chubb’s payout ratio is 14.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CB. Cantor Fitzgerald boosted their price target on Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Evercore reaffirmed an “outperform” rating and set a $374.00 target price on shares of Chubb in a research report on Friday, July 10th. Keefe, Bruyette & Woods increased their price target on Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Wells Fargo & Company cut their price target on Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Morgan Stanley lifted their price objective on Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $360.09.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently owned by company insiders.

Chubb 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.