Confluence Wealth Services Inc. Buys 1,071 Shares of Chubb Limited (NYSE:CB)

Confluence Wealth Services Inc. grew its stake in shares of Chubb Limited (NYSE:CB) by 8.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,192 shares of the financial services provider’s stock after buying an additional 1,071 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Chubb were worth $3,365,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CB. Spire Wealth Management grew its position in Chubb by 12.0% during the 2nd quarter. Spire Wealth Management now owns 2,840 shares of the financial services provider’s stock worth $725,000 after acquiring an additional 304 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Chubb by 5.6% during the second quarter. Van ECK Associates Corp now owns 12,651 shares of the financial services provider’s stock valued at $3,227,000 after purchasing an additional 667 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new stake in shares of Chubb during the second quarter worth about $372,000. Banque Cantonale Vaudoise increased its stake in shares of Chubb by 17.3% in the second quarter. Banque Cantonale Vaudoise now owns 9,205 shares of the financial services provider’s stock valued at $2,348,000 after buying an additional 1,355 shares during the period. Finally, Sage Mountain Advisors LLC increased its stake in shares of Chubb by 51.7% in the second quarter. Sage Mountain Advisors LLC now owns 2,306 shares of the financial services provider’s stock valued at $588,000 after buying an additional 786 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, JMP Securities upped their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $270.79.

Chubb Trading Up 0.8 %

Shares of NYSE:CB traded up $2.20 during mid-day trading on Friday, hitting $284.18. The company had a trading volume of 2,343,571 shares, compared to its average volume of 1,606,921. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.29. Chubb Limited has a one year low of $198.67 and a one year high of $284.49. The firm has a fifty day moving average price of $266.31 and a 200 day moving average price of $259.38. The company has a market capitalization of $115.39 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. The firm had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.92 earnings per share. As a group, research analysts forecast that Chubb Limited will post 21.15 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Insiders Place Their Bets

In other news, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at $11,648,059.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Juan Luis Ortega sold 2,400 shares of Chubb stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $11,648,059.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the sale, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,521 shares of company stock worth $3,878,712. Corporate insiders own 0.86% of the company’s stock.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.