Chubb Limited $CB Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its position in Chubb Limited (NYSE:CB) by 188.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,642 shares of the financial services provider’s stock after buying an additional 9,572 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Chubb were worth $4,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in Chubb during the second quarter worth about $1,195,137,000. Bank of America Corp DE increased its stake in shares of Chubb by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after purchasing an additional 513,852 shares in the last quarter. London Co. of Virginia raised its position in shares of Chubb by 211.0% during the 2nd quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock worth $213,559,000 after purchasing an additional 500,116 shares during the last quarter. Altrinsic Global Advisors LLC lifted its stake in Chubb by 46.9% in the 2nd quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock valued at $403,535,000 after buying an additional 444,557 shares in the last quarter. Finally, Troy Asset Management Ltd lifted its stake in Chubb by 89.1% in the 2nd quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock valued at $229,872,000 after buying an additional 373,872 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

NYSE CB opened at $338.07 on Wednesday. The firm has a market capitalization of $131.90 billion, a P/E ratio of 13.14, a P/E/G ratio of 2.18 and a beta of 0.46. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. The business’s 50-day simple moving average is $317.11 and its 200-day simple moving average is $296.78.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the previous year, the business posted $6.02 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.1%. Chubb’s payout ratio is 15.08%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CB shares. Wolfe Research boosted their price target on Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Citigroup lifted their price objective on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Bank of America reduced their target price on shares of Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a report on Friday, January 16th. Mizuho lifted their price target on shares of Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, BMO Capital Markets boosted their price objective on shares of Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $340.81.

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. This represents a 70.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is owned by corporate insiders.

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.