Wetzel Investment Advisors Inc. Has $496,000 Holdings in Chubb Limited $CB

Wetzel Investment Advisors Inc. cut its holdings in Chubb Limited (NYSE:CB) by 7.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,705 shares of the financial services provider’s stock after selling 138 shares during the quarter. Wetzel Investment Advisors Inc.’s holdings in Chubb were worth $496,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Chubb during the 1st quarter worth approximately $25,000. North Capital Inc. acquired a new stake in Chubb during the first quarter worth approximately $26,000. IMA Advisory Services Inc. acquired a new stake in Chubb during the first quarter worth approximately $31,000. 1248 Management LLC acquired a new stake in shares of Chubb during the 1st quarter worth $31,000. Finally, WPG Advisers LLC acquired a new stake in shares of Chubb during the 1st quarter worth $33,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $282.15 on Wednesday. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $112.49 billion, a P/E ratio of 12.45, a P/E/G ratio of 3.16 and a beta of 0.56. The company’s 50 day moving average price is $274.00 and its two-hundred day moving average price is $282.44.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same quarter last year, the business posted $5.38 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. Chubb’s dividend payout ratio (DPR) is presently 17.12%.

Insider Activity at Chubb

In other news, Director Michael Corbat purchased 425 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares of the company’s stock, valued at $661,010. This trade represents a 20.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several analyst reports. Piper Sandler reissued a “neutral” rating and set a $283.00 target price (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Barclays downgraded shares of Chubb from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Evercore ISI set a $312.00 price objective on shares of Chubb in a research note on Wednesday, July 23rd. Wolfe Research upgraded shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $303.06.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.