EverSource Wealth Advisors LLC Grows Holdings in Chubb Limited $CB

EverSource Wealth Advisors LLC lifted its holdings in Chubb Limited (NYSE:CB) by 31.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,273 shares of the financial services provider’s stock after acquiring an additional 1,729 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Chubb were worth $2,270,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LSV Asset Management grew its position in shares of Chubb by 1.1% in the 4th quarter. LSV Asset Management now owns 61,900 shares of the financial services provider’s stock worth $19,320,000 after buying an additional 700 shares during the period. Evoke Wealth LLC grew its position in shares of Chubb by 38.0% in the 4th quarter. Evoke Wealth LLC now owns 5,136 shares of the financial services provider’s stock worth $1,608,000 after buying an additional 1,414 shares during the period. Axxcess Wealth Management LLC grew its position in shares of Chubb by 329.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 9,524 shares of the financial services provider’s stock worth $2,973,000 after buying an additional 7,305 shares during the period. Orca Wealth Management LLC grew its position in shares of Chubb by 0.6% in the 4th quarter. Orca Wealth Management LLC now owns 11,681 shares of the financial services provider’s stock worth $3,665,000 after buying an additional 64 shares during the period. Finally, Van Hulzen Asset Management LLC grew its position in shares of Chubb by 1.1% in the 4th quarter. Van Hulzen Asset Management LLC now owns 36,355 shares of the financial services provider’s stock worth $11,347,000 after buying an additional 404 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

CB opened at $328.03 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $127.23 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.68 and a beta of 0.43. The company’s 50-day simple moving average is $326.50 and its two-hundred day simple moving average is $315.81. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, analysts predict that Chubb Limited will post 26.78 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were paid a dividend of $0.97 per share. The ex-dividend date was Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio is currently 13.70%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CB. Wolfe Research upped their target price on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. HSBC upped their target price on shares of Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. The Goldman Sachs Group upped their price target on shares of Chubb from $368.00 to $372.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Finally, Citigroup upped their price target on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $349.33.

Insider Transactions at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.