GWN Securities Inc. Takes $2.71 Million Position in Chubb Limited $CB

GWN Securities Inc. bought a new position in shares of Chubb Limited (NYSE:CB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,597 shares of the financial services provider’s stock, valued at approximately $2,709,000.

Several other large investors have also recently bought and sold shares of CB. Harbor Capital Advisors Inc. increased its holdings in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC grew its position in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after buying an additional 56 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Chubb in the 2nd quarter valued at about $32,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb in the 3rd quarter valued at about $34,000. Finally, Maseco LLP purchased a new position in shares of Chubb during the second quarter worth about $35,000. 83.81% of the stock is owned by institutional investors.

Insider Activity

In other Chubb news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the sale, the executive vice president directly owned 12,660 shares in the company, valued at $3,749,512.20. The trade was a 45.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 57,333 shares of company stock valued at $16,629,873. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

CB opened at $300.49 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The stock’s 50 day simple moving average is $302.25 and its 200 day simple moving average is $285.63. The firm has a market cap of $118.26 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 3.21 and a beta of 0.51. Chubb Limited has a 1 year low of $260.97 and a 1 year high of $316.94.

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

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on shares of Chubb from $293.00 to $305.00 and gave the company an “equal weight” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Evercore ISI reiterated an “outperform” rating and issued a $346.00 target price on shares of Chubb in a research report on Wednesday, January 7th. Bank of America increased their target price on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. Finally, Wolfe Research lifted their price target on Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $318.60.

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.