13,199 Shares in Chubb Limited $CB Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new position in Chubb Limited (NYSE:CB) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,199 shares of the financial services provider’s stock, valued at approximately $4,497,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cherry Tree Wealth Management LLC grew its stake in shares of Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares during the last quarter. Phillips Wealth Planners LLC lifted its stake in Chubb by 1.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 31 shares during the last quarter. Hoxton Planning & Management LLC boosted its holdings in Chubb by 4.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after buying an additional 31 shares in the last quarter. G&S Capital LLC boosted its holdings in Chubb by 1.5% during the fourth quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock worth $709,000 after buying an additional 34 shares in the last quarter. Finally, South Plains Financial Inc. grew its position in Chubb by 2.2% in the fourth quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock worth $500,000 after buying an additional 34 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

Chubb stock opened at $341.45 on Thursday. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The firm’s 50 day simple moving average is $345.32 and its 200-day simple moving average is $333.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $131.73 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 1.71 and a beta of 0.39.

Chubb (NYSE:CB) last issued 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 $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter in the prior year, the firm earned $6.14 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Chubb Limited will post 27.45 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $1.02 dividend. The ex-dividend date is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is presently 14.43%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group upped their price target on Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. UBS Group raised their price objective on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Wells Fargo & Company decreased their target price on Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Evercore reaffirmed an “outperform” rating and set a $374.00 target price on shares of Chubb in a research report on Friday, July 10th. Finally, Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $361.00.

Insider Buying and Selling at Chubb

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

About Chubb

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.