Firethorn Wealth Partners LLC Has $387,000 Position in Chubb Limited (NYSE:CB)

Firethorn Wealth Partners LLC grew its holdings in Chubb Limited (NYSE:CB) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,343 shares of the financial services provider’s stock after buying an additional 47 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in Chubb were worth $387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Scarborough Advisors LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $34,000. Fisher Asset Management LLC grew its holdings in shares of Chubb by 7.3% during the fourth quarter. Fisher Asset Management LLC now owns 5,100 shares of the financial services provider’s stock worth $1,153,000 after purchasing an additional 346 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in shares of Chubb in the fourth quarter valued at $455,000. Nomura Holdings Inc. raised its holdings in shares of Chubb by 234.3% in the fourth quarter. Nomura Holdings Inc. now owns 8,228 shares of the financial services provider’s stock valued at $1,860,000 after buying an additional 5,767 shares during the last quarter. Finally, CWM LLC lifted its position in Chubb by 12.0% during the 1st quarter. CWM LLC now owns 11,060 shares of the financial services provider’s stock worth $2,866,000 after buying an additional 1,188 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CB has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Royal Bank of Canada boosted their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Bank of America increased their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Piper Sandler boosted their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $300.00 price target on shares of Chubb in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $282.37.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 in the last quarter. 0.86% of the stock is currently owned by insiders.

Chubb Stock Up 2.0 %

Chubb stock opened at $293.10 on Thursday. Chubb Limited has a twelve month low of $205.64 and a twelve month high of $294.18. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $283.51 and a 200-day moving average of $267.37. The stock has a market capitalization of $119.02 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The firm had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.92 EPS. On average, equities research analysts anticipate that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, September 13th. Chubb’s payout ratio is 16.16%.

Chubb Company Profile

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.