Diversify Wealth Management LLC Invests $924,000 in Chubb Limited $CB

Diversify Wealth Management LLC bought a new stake in shares of Chubb Limited (NYSE:CB) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,837 shares of the financial services provider’s stock, valued at approximately $924,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC lifted its position in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. Merkkuri Wealth Advisors LLC purchased a new position in shares of Chubb during the first quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Chubb during the third quarter valued at about $31,000. Laurel Wealth Advisors LLC bought a new position in Chubb in the fourth quarter worth about $31,000. Finally, Ares Financial Consulting LLC bought a new position in Chubb in the fourth quarter worth about $32,000. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore reaffirmed an “outperform” rating and set a $374.00 price objective on shares of Chubb in a research report on Friday, July 10th. BMO Capital Markets increased their target price on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Barclays set a $387.00 target price on Chubb in a research note on Tuesday, July 7th. Citigroup restated an “outperform” rating on shares of Chubb in a research report on Friday, July 10th. Finally, Piper Sandler upped their price target on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $357.73.

Chubb Price Performance

CB stock opened at $342.66 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50 day moving average price of $331.67 and a 200-day moving average price of $325.50. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. The firm has a market capitalization of $132.90 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.73 and a beta of 0.40.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. Equities research analysts forecast that Chubb Limited will post 26.76 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were issued a dividend of $1.02 per share. The ex-dividend date was Friday, June 12th. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is 14.41%.

Insider Activity

In other 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 value of $7,394,730.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is currently owned by corporate insiders.

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.