Chubb Limited $CB Shares Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC boosted its stake in Chubb Limited (NYSE:CB) by 114.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,611 shares of the financial services provider’s stock after purchasing an additional 2,997 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Chubb were worth $1,833,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC boosted its holdings in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. Merkkuri Wealth Advisors LLC purchased a new position in shares of Chubb in the 1st quarter worth about $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of Chubb in the 4th quarter valued at about $31,000. Ares Financial Consulting LLC acquired a new position in shares of Chubb in the 4th quarter valued at about $32,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb during the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several research reports. Jefferies Financial Group cut their price target on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Mizuho dropped their price objective on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. The Goldman Sachs Group lifted their target price on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $350.24.

Insiders Place Their Bets

In other news, COO John W. Keogh sold 23,000 shares of the firm’s 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 directly owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by insiders.

Chubb Trading Down 0.1%

CB opened at $360.89 on Monday. The firm has a market capitalization of $139.98 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.85 and a beta of 0.40. The firm’s 50 day moving average is $327.40 and its 200-day moving average is $323.13. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $361.33. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Analysts expect that Chubb Limited will post 26.77 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio is currently 14.41%.

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.