2,631 Shares in Chubb Limited $CB Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC acquired a new position in shares of Chubb Limited (NYSE:CB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,631 shares of the financial services provider’s stock, valued at approximately $743,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Chubb by 0.6% during the second quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock valued at $10,643,993,000 after buying an additional 210,053 shares in the last quarter. Geode Capital Management LLC lifted its stake in Chubb by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock worth $2,541,771,000 after acquiring an additional 30,721 shares in the last quarter. Bank of America Corp DE boosted its position in Chubb by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after acquiring an additional 513,852 shares during the period. Norges Bank purchased a new position in Chubb during the 2nd quarter valued at about $1,195,137,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Chubb by 0.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,253,607 shares of the financial services provider’s stock valued at $652,915,000 after purchasing an additional 18,820 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 2.0%

Shares of NYSE:CB opened at $306.75 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $120.72 billion, a PE ratio of 12.80, a P/E/G ratio of 3.21 and a beta of 0.51. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $316.94. The firm has a fifty day moving average price of $301.38 and a 200 day moving average price of $285.35.

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

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s payout ratio is 16.19%.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the sale, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 57,333 shares of company stock valued at $16,629,873 over the last 90 days. 0.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CB. Deutsche Bank Aktiengesellschaft increased their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Barclays boosted their price target on shares of Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, October 22nd. Finally, Evercore ISI reissued an “outperform” rating and set a $346.00 price objective on shares of Chubb in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $318.00.

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.