Avidian Wealth Solutions LLC Makes New Investment in Chubb Limited (NYSE:CB)

Avidian Wealth Solutions LLC purchased a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 908 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently modified their holdings of CB. ZRC Wealth Management LLC purchased a new position in Chubb during the fourth quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of Chubb in the fourth quarter worth about $32,000. Naples Money Management LLC purchased a new position in shares of Chubb during the 4th quarter valued at about $34,000. Bell Investment Advisors Inc lifted its position in shares of 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 buying an additional 59 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in shares of Chubb by 87.0% during the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 100 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 1.4 %

Shares of CB stock opened at $252.05 on Tuesday. The company has a market cap of $102.35 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The stock’s 50 day simple moving average is $251.90 and its two-hundred day simple moving average is $237.45. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 16.29% and a net margin of 17.99%. Chubb’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.41 EPS. Research analysts predict that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.36%. Chubb’s dividend payout ratio is presently 15.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CB. Roth Mkm reissued a “buy” rating and issued a $280.00 price objective on shares of Chubb in a research note on Wednesday, April 24th. Royal Bank of Canada decreased their price target on Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. Evercore ISI increased their target price on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, HSBC reissued a “hold” rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus target price of $266.89.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction dated 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 completion of the sale, the executive vice president now owns 50,486 shares in the company, valued at approximately $12,879,483.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph F. Wayland sold 26,946 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the completion of the transaction, the executive vice president now owns 95,252 shares in the company, valued at $24,481,669.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,863 shares of company stock worth $28,007,307. Insiders own 0.86% of the company’s stock.

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.