Chubb Limited (NYSE:CB) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its position in shares of Chubb Limited (NYSE:CB) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,039 shares of the financial services provider’s stock after buying an additional 2,926 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Chubb were worth $7,241,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. ZRC Wealth Management LLC acquired a new stake in Chubb during the fourth quarter worth about $29,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb during the 4th quarter worth approximately $32,000. Naples Money Management LLC bought a new stake in shares of Chubb in the 4th quarter worth approximately $34,000. Bell Investment Advisors Inc boosted its position in Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 59 shares during the period. Finally, Addison Advisors LLC grew its stake in Chubb by 87.0% during the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock worth $49,000 after buying an additional 100 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the transaction, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock valued at $29,766,694 over the last ninety days. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CB. Royal Bank of Canada reduced their target price on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Roth Mkm reiterated a “buy” rating and set a $280.00 price objective on shares of Chubb in a research report on Wednesday, April 24th. Raymond James raised their target price on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. The Goldman Sachs Group increased their price target on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Wells Fargo & Company upped their price objective on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Price Performance

Shares of NYSE:CB traded down $0.54 during midday trading on Tuesday, reaching $248.68. The company’s stock had a trading volume of 446,496 shares, compared to its average volume of 1,738,323. The business’s fifty day simple moving average is $252.29 and its 200-day simple moving average is $236.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.29. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The company has a market capitalization of $100.96 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.41 earnings per share. As a group, equities research analysts expect that Chubb Limited will post 21.17 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio is 15.27%.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.