2,817 Shares in Chubb Limited $CB Acquired by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC purchased a new position in Chubb Limited (NYSE:CB) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,817 shares of the financial services provider’s stock, valued at approximately $993,000.

Several other large investors also recently bought and sold shares of CB. Cherry Tree Wealth Management LLC raised its stake in shares of Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares during the period. Phillips Wealth Planners LLC boosted its stake in shares of Chubb by 1.8% in the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 31 shares during the period. Hoxton Planning & Management LLC grew its holdings in Chubb by 4.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 31 shares in the last quarter. G&S Capital LLC grew its holdings in Chubb by 1.5% during the 4th quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 34 shares in the last quarter. Finally, South Plains Financial Inc. increased its stake in Chubb by 2.2% during the 4th quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock worth $500,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 0.0%

Shares of Chubb stock opened at $343.80 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market cap of $132.64 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.70 and a beta of 0.39. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The business has a 50-day moving average price of $344.31 and a 200 day moving average price of $332.19.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.Chubb’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.14 earnings per share. On average, sell-side analysts forecast that Chubb Limited will post 27.45 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 14.43%.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of analyst reports. Citizens Jmp reissued a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. increased their price target on Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a report on Monday, July 20th. BMO Capital Markets raised their price objective on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, Evercore restated an “outperform” rating and set a $374.00 price objective on shares of Chubb in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $360.09.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was 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 approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

Chubb 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.