HB Wealth Management LLC Has $11.76 Million Stock Holdings in Chubb Limited $CB

HB Wealth Management LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 14.0% in the third quarter, Holdings Channel.com reports. The fund owned 41,649 shares of the financial services provider’s stock after acquiring an additional 5,102 shares during the quarter. HB Wealth Management LLC’s holdings in Chubb were worth $11,755,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC raised its holdings in Chubb by 0.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after purchasing an additional 35 shares during the last quarter. Sky Investment Group LLC increased its position in shares of Chubb by 1.6% during the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after buying an additional 38 shares during the period. Evermay Wealth Management LLC increased its position in shares of Chubb by 2.3% during the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock worth $489,000 after buying an additional 38 shares during the period. JT Stratford LLC raised its stake in Chubb by 3.5% during the second quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after buying an additional 38 shares during the last quarter. Finally, Jacobsen Capital Management lifted its holdings in Chubb by 5.3% in the second quarter. Jacobsen Capital Management now owns 773 shares of the financial services provider’s stock valued at $224,000 after buying an additional 39 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Up 2.1%

Shares of Chubb stock opened at $312.92 on Friday. The stock has a market capitalization of $123.15 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 3.21 and a beta of 0.51. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $316.94. The stock has a 50 day moving average price of $300.79 and a two-hundred day moving average price of $285.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the business earned $5.72 EPS. Chubb’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

Insider Activity

In related news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the transaction, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This trade represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,333 shares of company stock worth $16,629,873 over the last three months. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CB has been the subject of a number of recent analyst reports. Mizuho began coverage on Chubb in a report on Monday, December 15th. They set a “neutral” rating and a $318.00 price target for the company. Bank of America raised their target price on Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. Evercore ISI reiterated an “outperform” rating and issued a $346.00 target price on shares of Chubb in a report on Wednesday. HSBC increased their price target on Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $318.00.

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.