Clearstead Advisors LLC Grows Stock Holdings in Chubb Limited $CB

Clearstead Advisors LLC grew its holdings in Chubb Limited (NYSE:CB) by 24.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,688 shares of the financial services provider’s stock after acquiring an additional 3,093 shares during the period. Clearstead Advisors LLC’s holdings in Chubb were worth $4,896,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Kathmere Capital Management LLC boosted its holdings in shares of Chubb by 2.7% in the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 34 shares during the last quarter. Wright Investors Service Inc. boosted its holdings in shares of Chubb by 0.7% in the 4th quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock valued at $1,538,000 after acquiring an additional 34 shares during the last quarter. G&S Capital LLC boosted its holdings in shares of Chubb by 1.5% in the 4th quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 34 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Chubb by 7.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 36 shares during the last quarter. Finally, Phoenix Wealth Advisors boosted its holdings in shares of Chubb by 0.4% in the 4th quarter. Phoenix Wealth Advisors now owns 8,467 shares of the financial services provider’s stock valued at $2,643,000 after acquiring an additional 36 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.37% of the company’s stock.

Chubb Stock Performance

Shares of NYSE CB opened at $328.03 on Tuesday. The company’s fifty day moving average price is $326.46 and its 200 day moving average price is $316.38. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The company has a market capitalization of $127.23 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.68 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. On average, research analysts predict that Chubb Limited will post 26.78 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, March 13th. Chubb’s payout ratio is presently 13.70%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CB shares. UBS Group reaffirmed a “neutral” rating and issued a $340.00 price objective on shares of Chubb in a report on Monday, February 9th. Citizens Jmp upped their price objective on shares of Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a report on Wednesday, April 22nd. Citigroup upped their price objective on shares of Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a report on Monday, February 9th. Bank of America dropped their price objective on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $349.33.

About Chubb

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.