Silvant Capital Management LLC Acquires Shares of 10,825 Chubb Limited $CB

Silvant Capital Management LLC bought a new position in shares of Chubb Limited (NYSE:CB) during the second quarter, HoldingsChannel.com reports. The firm bought 10,825 shares of the financial services provider’s stock, valued at approximately $3,689,000.

Other hedge funds also recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in shares of Chubb in the second quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new stake in Chubb during the second quarter worth approximately $25,000. CBIZ Investment Advisory Services LLC increased its stake in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares during the period. Frazier Financial Advisors LLC increased its stake in Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares during the period. Finally, Merkkuri Wealth Advisors LLC bought a new position in Chubb during the 1st quarter worth $29,000. 83.81% of the stock is owned by institutional investors.

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

Chubb Stock Up 0.6%

NYSE CB opened at $342.98 on Friday. The business has a fifty day moving average price of $345.61 and a two-hundred day moving average price of $333.25. The stock has a market capitalization of $132.32 billion, a PE ratio of 12.13, a PEG ratio of 1.68 and a beta of 0.39. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter last year, the company posted $6.14 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts expect that Chubb Limited will post 27.45 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 14.43%.

Analysts Set New Price Targets

CB has been the subject of a number of recent analyst reports. Piper Sandler upped their target price on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $354.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Wells Fargo & Company cut their price objective on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Finally, Citigroup reiterated a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $361.00.

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.