Hamilton Wealth LLC Acquires 6,622 Shares of Chubb Limited $CB

Hamilton Wealth LLC lifted its stake in Chubb Limited (NYSE:CB) by 200.2% in the 1st quarter, HoldingsChannel reports. The fund owned 9,930 shares of the financial services provider’s stock after purchasing an additional 6,622 shares during the quarter. Hamilton Wealth LLC’s holdings in Chubb were worth $3,236,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. 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 valued at $26,000 after buying an additional 49 shares during the last quarter. Frazier Financial Advisors LLC grew its position in shares of Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after buying an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC bought a new position in shares of Chubb during the 1st quarter worth approximately $29,000. Laurel Wealth Advisors LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $31,000. Finally, Ares Financial Consulting LLC purchased a new stake in Chubb during the fourth quarter valued at approximately $32,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CB shares. Cantor Fitzgerald raised their price objective on Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Jefferies Financial Group lowered their price target on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Citigroup restated a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $360.09.

Chubb Stock Down 0.4%

Shares of CB stock opened at $362.05 on Thursday. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $365.91. The stock has a market cap of $140.42 billion, a P/E ratio of 12.81, a P/E/G ratio of 1.80 and a beta of 0.40. The stock has a 50 day moving average of $337.47 and a 200 day moving average of $328.27. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping 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 $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same period in the prior year, the company posted $6.14 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts expect that Chubb Limited will post 27.4 EPS for the current year.

Chubb Increases Dividend

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

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer 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 filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

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.