Evexia Wealth LLC Decreases Holdings in Chubb Limited $CB

Evexia Wealth LLC trimmed its position in Chubb Limited (NYSE:CB) by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,798 shares of the financial services provider’s stock after selling 3,486 shares during the period. Chubb makes up approximately 2.6% of Evexia Wealth LLC’s holdings, making the stock its 14th biggest holding. Evexia Wealth LLC’s holdings in Chubb were worth $9,173,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CB. Cherry Tree Wealth Management LLC lifted its holdings in shares of Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares during the last quarter. Phillips Wealth Planners LLC grew its stake in Chubb by 1.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after buying an additional 31 shares during the last quarter. Hoxton Planning & Management LLC grew its stake in Chubb by 4.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after buying an additional 31 shares during the last quarter. Kathmere Capital Management LLC increased its position in Chubb by 2.7% during the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock valued at $405,000 after buying an additional 34 shares in the last quarter. Finally, Wright Investors Service Inc. increased its position in Chubb by 0.7% during 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 buying an additional 34 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.37% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of CB stock opened at $323.88 on Monday. The firm has a market capitalization of $125.62 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The business has a fifty day moving average of $324.70 and a 200 day moving average of $320.15. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, research analysts expect that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a $1.02 dividend. The ex-dividend date is Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is 14.41%.

Analyst Ratings Changes

A number of equities research analysts have commented on CB shares. BMO Capital Markets increased their price target on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Bank of America dropped their price target on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Piper Sandler upped their price objective on shares of Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Finally, Weiss Ratings cut shares of Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $349.10.

Chubb Company 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.