Wealthfront Advisers LLC Decreases Holdings in Chubb Limited $CB

Wealthfront Advisers LLC reduced its holdings in shares of Chubb Limited (NYSE:CB) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,028 shares of the financial services provider’s stock after selling 3,076 shares during the quarter. Wealthfront Advisers LLC’s holdings in Chubb were worth $12,991,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Westbourne Investment Advisors Inc. raised its position in Chubb by 12.3% during the third quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock worth $6,275,000 after acquiring an additional 2,427 shares during the last quarter. Assetmark Inc. increased its stake in shares of Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after purchasing an additional 8,828 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Chubb by 166.3% during the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $1,046,000 after purchasing an additional 2,315 shares during the last quarter. Liberty One Investment Management LLC purchased a new stake in Chubb in the 3rd quarter valued at approximately $51,167,000. Finally, Cooke & Bieler LP lifted its stake in Chubb by 21.3% in the 3rd quarter. Cooke & Bieler LP now owns 606,011 shares of the financial services provider’s stock valued at $171,047,000 after buying an additional 106,237 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction dated 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 approximately $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 76,512 shares of company stock valued at $24,197,361 over the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Down 0.0%

CB opened at $326.16 on Wednesday. Chubb Limited has a 12 month low of $263.14 and a 12 month high of $335.59. The business has a 50-day moving average of $308.69 and a two-hundred day moving average of $290.09. 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 stock has a market capitalization of $128.36 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 2.08 and a beta of 0.49.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping 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 period in the prior year, the firm posted $6.02 EPS. The company’s revenue was up 8.9% on a year-over-year basis. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is currently 15.08%.

Analysts Set New Price Targets

Several equities analysts have weighed in on CB shares. Wells Fargo & Company raised their price target on Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Morgan Stanley set a $350.00 price objective on Chubb in a research report on Friday, January 16th. Piper Sandler boosted their target price on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Citizens Jmp reaffirmed a “market outperform” rating and set a $350.00 price target on shares of Chubb in a research note on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $340.09.

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.