Amplius Wealth Advisors LLC Reduces Holdings in Chubb Limited $CB

Amplius Wealth Advisors LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 8.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,070 shares of the financial services provider’s stock after selling 7,170 shares during the quarter. Chubb comprises approximately 1.9% of Amplius Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Amplius Wealth Advisors LLC’s holdings in Chubb were worth $21,471,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Mitchell & Pahl Private Wealth LLC increased its stake in Chubb by 0.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after purchasing an additional 35 shares in the last quarter. Rise Advisors LLC grew its holdings in shares of Chubb by 4.6% during the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after buying an additional 37 shares during the last quarter. Sky Investment Group LLC increased its position in shares of Chubb by 1.6% in the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after acquiring an additional 38 shares during the period. Evermay Wealth Management LLC increased its position in shares of Chubb by 2.3% in the 2nd quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 38 shares during the period. Finally, JT Stratford LLC raised its stake in Chubb by 3.5% in the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 38 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CB has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, November 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 target price on shares of Chubb in a research report on Thursday, October 23rd. Citigroup raised their price target on shares of Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Bank of America lifted their price objective on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. Finally, UBS Group increased their price objective on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $311.90.

Chubb Trading Down 0.6%

Chubb stock opened at $312.25 on Friday. The firm has a market cap of $122.89 billion, a PE ratio of 13.03, a P/E/G ratio of 3.56 and a beta of 0.50. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $315.08. The stock’s 50 day simple moving average is $297.59 and its two-hundred day simple moving average is $284.28. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.72 EPS. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio is presently 16.19%.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the transaction, the executive vice president owned 1,585 shares in the company, valued at $467,876.15. The trade was a 34.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John J. Lupica sold 16,375 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the transaction, the insider owned 74,225 shares in the company, valued at $22,004,001.25. This represents a 18.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 57,333 shares of company stock worth $16,629,873 in the last ninety days. Company insiders own 0.77% of the company’s stock.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.