Venturi Wealth Management LLC Has $690,000 Holdings in Chubb Limited $CB

Venturi Wealth Management LLC lessened its holdings in shares of Chubb Limited (NYSE:CB) by 4.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,380 shares of the financial services provider’s stock after selling 109 shares during the period. Venturi Wealth Management LLC’s holdings in Chubb were worth $690,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BankPlus Trust Department grew its position in shares of Chubb by 49.7% during the 2nd quarter. BankPlus Trust Department now owns 1,289 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 428 shares in the last quarter. Gentry Private Wealth LLC acquired a new stake in shares of Chubb during the 2nd quarter worth approximately $234,000. Slow Capital Inc. boosted its position in shares of Chubb by 1.5% during the 2nd quarter. Slow Capital Inc. now owns 21,442 shares of the financial services provider’s stock worth $6,217,000 after acquiring an additional 324 shares in the last quarter. Roundview Capital LLC boosted its position in shares of Chubb by 0.9% during the 2nd quarter. Roundview Capital LLC now owns 8,698 shares of the financial services provider’s stock worth $2,520,000 after acquiring an additional 74 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Chubb by 4.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 153,102 shares of the financial services provider’s stock worth $44,521,000 after acquiring an additional 6,200 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CB shares. Wolfe Research upgraded shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group increased their price target on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research report on Monday. Evercore ISI increased their price target on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Finally, Jefferies Financial Group increased their price objective on shares of Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $306.82.

Insider Activity

In other Chubb news, Director Michael Corbat purchased 425 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.77% of the company’s stock.

Chubb Price Performance

CB stock opened at $284.13 on Friday. The company has a fifty day moving average price of $276.36 and a 200-day moving average price of $282.07. The company has a market capitalization of $113.28 billion, a P/E ratio of 12.53, a PEG ratio of 3.23 and a beta of 0.54. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $5.38 earnings per share. As a group, equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s dividend payout ratio (DPR) is presently 17.12%.

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.