2,384 Shares in Chubb Limited $CB Acquired by Gibbs Wealth Management

Gibbs Wealth Management purchased a new position in shares of Chubb Limited (NYSE:CB) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,384 shares of the financial services provider’s stock, valued at approximately $777,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CBIZ Investment Advisory Services LLC raised its holdings in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. Frazier Financial Advisors LLC boosted its holdings in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC purchased a new stake in Chubb in the first quarter valued at $29,000. Laurel Wealth Advisors LLC acquired a new stake in Chubb during the 4th quarter worth about $31,000. Finally, Ares Financial Consulting LLC acquired a new stake in Chubb during the 4th quarter worth about $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Chubb stock opened at $359.78 on Friday. The company’s fifty day moving average price is $335.55 and its 200 day moving average price is $327.09. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $365.29. The stock has a market capitalization of $139.55 billion, a P/E ratio of 12.73, a P/E/G ratio of 1.77 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.36.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The company had revenue of $16.01 billion during the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $6.14 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 27.08 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a dividend of $1.02 per share. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s dividend payout ratio is presently 14.43%.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CB shares. Mizuho boosted their price objective on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 target price on shares of Chubb in a report on Wednesday. Barclays set a $387.00 price target on Chubb in a research report on Tuesday, July 7th. Wells Fargo & Company decreased their price target on Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Bank of America lowered their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $360.09.

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.