Chubb Limited $CB Stock Holdings Boosted by Vest Financial LLC

Vest Financial LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 419,843 shares of the financial services provider’s stock after purchasing an additional 15,394 shares during the period. Chubb accounts for 1.4% of Vest Financial LLC’s holdings, making the stock its 6th biggest position. Vest Financial LLC owned about 0.11% of Chubb worth $136,554,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in shares of Chubb during the 2nd quarter worth about $25,000. Dunhill Financial LLC purchased a new position in Chubb in the 2nd quarter valued at about $25,000. Parvin Asset Management LLC acquired a new stake in Chubb in the 2nd quarter worth about $26,000. Highland Investment Advisors LLC acquired a new stake in Chubb in the 2nd quarter worth about $26,000. Finally, Frazier Financial Advisors LLC boosted its holdings in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director directly owned 12,803 shares of the company’s stock, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph Wayland sold 8,502 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of NYSE CB opened at $354.81 on Thursday. The firm has a 50-day simple moving average of $341.06 and a 200-day simple moving average of $337.07. The stock has a market capitalization of $136.89 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 52 week low of $272.20 and a 52 week high of $365.91.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.89. The firm had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.71 billion. Chubb had a net margin of 18.15% and a return on equity of 14.33%. During the same period last year, the firm posted $7.49 earnings per share. On average, equities analysts predict that Chubb Limited will post 27.72 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s dividend payout ratio is currently 14.43%.

Analyst Upgrades and Downgrades

CB has been the subject of several research reports. Atlantic Securities set a $301.00 price objective on Chubb in a research note on Wednesday, July 15th. Citigroup reissued a “market outperform” rating on shares of Chubb in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $354.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Chubb from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday, October 16th. Finally, HSBC reaffirmed a “hold” rating and issued a $359.00 price target on shares of Chubb in a research note on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $358.36.

Chubb News Summary

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Quarterly results exceeded expectations. Chubb reported $7.66 in adjusted earnings per share, above the $6.79 consensus estimate, while revenue reached $16.20 billion versus expectations of $15.71 billion. Earnings also increased from $7.49 per share a year earlier. Chubb quarterly earnings report
• Positive Sentiment: Underlying business momentum remained strong. Core operating income totaled approximately $2.98 billion, overseas general property-and-casualty premiums grew 6.7%, and net premiums written increased. Record investment income and higher life-insurance income also helped offset pressure in underwriting. Chubb long-term investor takeaways
• Positive Sentiment: Analyst sentiment improved in one notable instance. Zacks upgraded Chubb to a Rank #2, or Buy, citing improved earnings prospects, which could support investor interest. Zacks Chubb upgrade
• Neutral Sentiment: Management maintained an upbeat outlook. The earnings call highlighted profitability, premium growth and continued benefits from investment income, but investors are evaluating whether the strong performance is already reflected in the share price. Chubb earnings call highlights
• Negative Sentiment: Catastrophe losses pressured underwriting results. Rising catastrophe claims remain a risk for future earnings and temper the otherwise strong quarter. Cantor Fitzgerald reaffirmed a Neutral rating with a $333 price target, below the stock’s recently reported $354.81 level, while another analysis said much of the strong Q3 performance may already be reflected in the valuation. Chubb valuation analysis

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.