Chubb Limited $CB Shares Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC increased its stake in Chubb Limited (NYSE:CB) by 144.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,458 shares of the financial services provider’s stock after purchasing an additional 1,454 shares during the period. Provenance Wealth Advisors LLC’s holdings in Chubb were worth $799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Lyell Wealth Management LP grew its holdings in shares of Chubb by 1.3% during the third quarter. Lyell Wealth Management LP now owns 6,532 shares of the financial services provider’s stock valued at $2,125,000 after buying an additional 86 shares during the last quarter. Associated Banc Corp acquired a new position in shares of Chubb in the 3rd quarter valued at $266,000. Guardian Wealth Advisors LLC raised its stake in Chubb by 5.6% in the 3rd quarter. Guardian Wealth Advisors LLC now owns 1,328 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 71 shares during the last quarter. Integrity Advisory Solutions LLC raised its stake in Chubb by 10.9% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 1,240 shares of the financial services provider’s stock worth $404,000 after acquiring an additional 122 shares during the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC lifted its position in Chubb by 278.2% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 8,660 shares of the financial services provider’s stock worth $2,817,000 after acquiring an additional 6,370 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $374.41 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a fifty day moving average of $344.94 and a 200 day moving average of $334.80. The firm has a market cap of $143.06 billion, a PE ratio of 13.10, a PEG ratio of 1.69 and a beta of 0.29. Chubb Limited has a one year low of $282.11 and a one year high of $374.60.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The business had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.66 billion. During the same period last year, the firm posted $7.49 earnings per share. As a group, research analysts predict that Chubb Limited will post 28.89 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were paid a $1.02 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb’s dividend payout ratio (DPR) is currently 14.28%.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 13,889 shares of Chubb stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $360.02, for a total value of $5,000,317.78. Following the sale, the chief executive officer directly owned 277,274 shares in the company, valued at approximately $99,824,185.48. The trade was a 4.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Connors sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the sale, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 32,985 shares of company stock valued at $11,748,463. 0.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on CB shares. Weiss Ratings upgraded Chubb from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday, October 16th. Piper Sandler lifted their price objective on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Wells Fargo & Company lifted their price objective on shares of Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a research note on Thursday, October 22nd. Morgan Stanley upped their price objective on shares of Chubb from $350.00 to $360.00 and gave the company an “equal weight” rating in a report on Tuesday, October 27th. Finally, Evercore reiterated an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $362.78.

Key Headlines Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb’s partnership with Currys expands its embedded-insurance reach in the U.K., positioning it to capture demand for mobile-device protection through retail and digital channels. Can Chubb’s Currys Partnership Expand Embedded Insurance Growth?
• Positive Sentiment: Recent coverage highlighted Chubb as a momentum stock and noted that shares had reached a 52-week high. This may reinforce investor interest, although the articles do not identify a specific new company catalyst behind the run. What Makes Chubb (CB) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: An article on possible interest-rate hikes cited insurers among stocks that could benefit. Higher rates can improve investment income over time, but the outlook is conditional and not specific to Chubb. Rate Hikes Could Be Coming: History Likes These 4 Insurance Stocks
• Neutral Sentiment: Zacks Research made a mix of modest upward and downward earnings-estimate changes across coming quarters and fiscal years. The revisions offer no clear overall change in expectations. Chubb Limited analyst estimates
• Negative Sentiment: CEO Evan Greenberg sold 13,889 shares for about $5 million. Insider sales can weigh on sentiment, though he retained 277,274 shares after the transaction. Chubb CEO Sells 13,889 Shares

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.