Apollon Wealth Management LLC Acquires 498 Shares of Chubb Limited $CB

Apollon Wealth Management LLC boosted its holdings in Chubb Limited (NYSE:CB) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,742 shares of the financial services provider’s stock after acquiring an additional 498 shares during the quarter. Apollon Wealth Management LLC’s holdings in Chubb were worth $6,299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CB. Opal Wealth Advisors LLC acquired a new position in Chubb in the first quarter valued at about $25,000. North Capital Inc. acquired a new position in Chubb in the first quarter valued at about $26,000. IMA Advisory Services Inc. acquired a new position in Chubb in the first quarter valued at about $31,000. 1248 Management LLC acquired a new position in Chubb in the first quarter valued at about $31,000. Finally, WPG Advisers LLC acquired a new position in Chubb in the first quarter valued at about $33,000. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, Director Michael Corbat acquired 425 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CB shares. The Goldman Sachs Group boosted their price target on shares of Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and reduced their price target for the company from $317.00 to $300.00 in a research report on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research report on Wednesday. Piper Sandler restated a “neutral” rating and issued a $283.00 price target (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Chubb from $324.00 to $333.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $306.82.

Chubb Trading Down 0.4%

Shares of NYSE CB opened at $283.08 on Friday. The company’s 50 day simple moving average is $276.67 and its 200 day simple moving average is $281.92. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The firm has a market capitalization of $112.86 billion, a P/E ratio of 12.49, a P/E/G ratio of 3.18 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

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

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio is currently 17.12%.

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.