Andesa Financial Management Inc. boosted its holdings in Chubb Ltd (NYSE:CB) by 124.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,372 shares of the financial services provider’s stock after buying an additional 20,690 shares during the period. Chubb makes up about 2.6% of Andesa Financial Management Inc.’s investment portfolio, making the stock its 10th biggest position. Andesa Financial Management Inc.’s holdings in Chubb were worth $5,238,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in CB. JPMorgan Chase & Co. raised its stake in Chubb by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,737,036 shares of the financial services provider’s stock valued at $900,339,000 after acquiring an additional 63,629 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of Chubb by 0.5% during the 3rd quarter. Standard Life Aberdeen plc now owns 549,568 shares of the financial services provider’s stock worth $73,444,000 after buying an additional 2,816 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Chubb by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 2,261,128 shares of the financial services provider’s stock worth $302,129,000 after buying an additional 35,422 shares in the last quarter. Morgan Stanley raised its stake in shares of Chubb by 4.0% during the 3rd quarter. Morgan Stanley now owns 4,968,874 shares of the financial services provider’s stock worth $664,042,000 after buying an additional 192,077 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in shares of Chubb during the 3rd quarter worth approximately $100,000. Institutional investors and hedge funds own 89.10% of the company’s stock.
In other news, insider John J. Lupica sold 17,879 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $134.95, for a total transaction of $2,412,771.05. Following the sale, the insider now owns 192,265 shares in the company, valued at $25,946,161.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 10,400 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $146.37, for a total value of $1,522,248.00. Following the sale, the insider now owns 174,037 shares in the company, valued at approximately $25,473,795.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,729 shares of company stock worth $4,719,009. 0.47% of the stock is owned by insiders.
NYSE:CB traded down $0.50 during trading hours on Wednesday, reaching $145.96. 1,057,819 shares of the company traded hands, compared to its average volume of 1,205,408. The stock has a market cap of $67.84 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.41 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Ltd has a 1-year low of $119.54 and a 1-year high of $148.70.
Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. The firm had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $7.55 billion. Chubb had a return on equity of 8.76% and a net margin of 11.55%. During the same quarter in the prior year, the firm earned $2.34 EPS. As a group, equities research analysts predict that Chubb Ltd will post 10.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, June 20th. This is a boost from Chubb’s previous quarterly dividend of $0.73. Chubb’s dividend payout ratio is 30.93%.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. Compass Point downgraded Chubb from a “buy” rating to a “neutral” rating and cut their target price for the stock from $165.00 to $156.00 in a research note on Wednesday. They noted that the move was a valuation call. UBS Group downgraded Chubb from a “buy” rating to a “neutral” rating and raised their price objective for the company from $146.00 to $154.00 in a research note on Thursday, May 23rd. Barclays raised their price objective on Chubb from $160.00 to $167.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $157.00 price objective on shares of Chubb in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $150.10.
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Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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