Evermay Wealth Management LLC Purchases 38 Shares of Chubb Limited $CB

Evermay Wealth Management LLC grew its position in shares of Chubb Limited (NYSE:CB) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,684 shares of the financial services provider’s stock after buying an additional 38 shares during the period. Evermay Wealth Management LLC’s holdings in Chubb were worth $489,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Unison Advisors LLC grew its holdings in shares of Chubb by 0.3% during the 2nd quarter. Unison Advisors LLC now owns 13,588 shares of the financial services provider’s stock worth $3,950,000 after purchasing an additional 44 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Chubb by 8.7% during the 2nd quarter. Stephens Inc. AR now owns 16,475 shares of the financial services provider’s stock worth $4,773,000 after purchasing an additional 1,315 shares in the last quarter. Beverly Hills Private Wealth LLC grew its holdings in shares of Chubb by 305.4% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 4,909 shares of the financial services provider’s stock worth $1,422,000 after purchasing an additional 3,698 shares in the last quarter. LMG Wealth Partners LLC grew its holdings in shares of Chubb by 1.3% during the 2nd quarter. LMG Wealth Partners LLC now owns 14,032 shares of the financial services provider’s stock worth $4,065,000 after purchasing an additional 174 shares in the last quarter. Finally, Calamos Wealth Management LLC grew its holdings in shares of Chubb by 1.1% during the 2nd quarter. Calamos Wealth Management LLC now owns 40,812 shares of the financial services provider’s stock worth $11,824,000 after purchasing an additional 430 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CB shares. Keefe, Bruyette & Woods raised their price objective on Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $283.00 price objective (down from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Bank of America raised their price objective on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. Wells Fargo & Company lifted their price target on Chubb from $267.00 to $277.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $305.28.

Chubb Price Performance

Shares of CB opened at $268.15 on Monday. Chubb Limited has a 1 year low of $252.16 and a 1 year 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 company has a market capitalization of $106.91 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The business has a 50-day moving average of $277.40 and a 200-day moving average of $280.94.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same period last year, the company earned $5.38 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given 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 was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 17.12%.

Insider Activity

In related news, Director Michael Corbat acquired 425 shares of the stock in a transaction dated Friday, July 25th. The stock was bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares of the company’s stock, valued at $661,010. The trade was a 20.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by company insiders.

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.