Ascentis Independent Advisors Acquires 3,202 Shares of Chubb Limited $CB

Ascentis Independent Advisors increased its stake in Chubb Limited (NYSE:CB) by 141.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,460 shares of the financial services provider’s stock after purchasing an additional 3,202 shares during the quarter. Ascentis Independent Advisors’ holdings in Chubb were worth $1,780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC grew its holdings in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. Merkkuri Wealth Advisors LLC bought a new position in shares of Chubb in the first quarter valued at approximately $29,000. Laurel Wealth Advisors LLC bought a new position in shares of Chubb in the fourth quarter valued at approximately $31,000. Ares Financial Consulting LLC purchased a new position in Chubb during the fourth quarter valued at approximately $32,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Chubb during the 3rd quarter worth approximately $31,000. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of several analyst reports. Bank of America cut their price target on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Keefe, Bruyette & Woods increased their price objective on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price objective on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Barclays reduced their target price on Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a research report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $349.90.

Chubb Stock Down 1.4%

Shares of NYSE:CB opened at $356.27 on Tuesday. The stock has a market capitalization of $138.18 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.85 and a beta of 0.40. The stock’s 50-day moving average price is $327.40 and its 200-day moving average price is $323.13. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $361.33.

Chubb (NYSE:CB) last released its 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 during the quarter. On average, equities analysts anticipate that Chubb Limited will post 26.77 earnings per share for the current year.

Chubb Increases Dividend

The business 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. The ex-dividend date was Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 1.1%. Chubb’s dividend payout ratio is presently 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.