Chubb Limited $CB Shares Acquired by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC increased its position in Chubb Limited (NYSE:CB) by 11.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,116 shares of the financial services provider’s stock after purchasing an additional 217 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Chubb were worth $613,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. purchased a new stake in Chubb in the first quarter valued at approximately $31,000. 1248 Management LLC purchased a new position in shares of Chubb during the first quarter worth approximately $31,000. WPG Advisers LLC acquired a new position in shares of Chubb in the 1st quarter valued at $33,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Chubb by 391.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 94 shares during the period. Finally, Maseco LLP purchased a new stake in Chubb in the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $287.45 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $278.79 and its two-hundred day moving average is $280.54. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The stock has a market capitalization of $113.13 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the firm earned $5.72 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is presently 16.19%.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CB has been the topic of several research reports. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their price target on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. UBS Group upped their price objective on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $307.79.

Chubb Company 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.