Stratos Wealth Partners LTD. Purchases 2,237 Shares of Chubb Limited $CB

Stratos Wealth Partners LTD. raised its position in Chubb Limited (NYSE:CB) by 43.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,368 shares of the financial services provider’s stock after purchasing an additional 2,237 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Chubb were worth $2,080,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of Chubb in the fourth quarter worth $205,000. Woodline Partners LP increased its holdings in Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after purchasing an additional 1,449 shares during the period. Sivia Capital Partners LLC lifted its holdings in Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after buying an additional 175 shares during the period. Finally, Axxcess Wealth Management LLC grew its position in shares of Chubb by 5.1% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,356 shares of the financial services provider’s stock valued at $683,000 after buying an additional 114 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% 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, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,307 shares of company stock valued at $17,611,016 in the last 90 days. 0.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group restated a “neutral” rating and set a $340.00 price objective on shares of Chubb in a research report on Monday, February 9th. Evercore raised their price target on shares of Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Mizuho upped their price objective on shares of Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. Finally, 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 report on Wednesday, February 4th. One 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 given a Sell rating to the stock. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average price target of $340.09.

Chubb Stock Performance

NYSE:CB opened at $324.57 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $263.14 and a twelve month high of $335.60. The company has a fifty day moving average of $310.71 and a 200-day moving average of $291.22. The firm has a market capitalization of $127.73 billion, a P/E ratio of 12.61, a P/E/G ratio of 2.07 and a beta of 0.49.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period last year, the company posted $6.02 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s payout ratio is presently 15.08%.

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.