Financial Gravity Wealth Inc. Purchases New Holdings in Chubb Ltd (CB)

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Financial Gravity Wealth Inc. purchased a new stake in Chubb Ltd (NYSE:CB) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,528 shares of the financial services provider’s stock, valued at approximately $216,000.

Other institutional investors have also recently bought and sold shares of the company. Buckley Wealth Management LLC boosted its holdings in Chubb by 1.8% during the first quarter. Buckley Wealth Management LLC now owns 4,068 shares of the financial services provider’s stock worth $570,000 after buying an additional 73 shares during the last quarter. Bollard Group LLC boosted its holdings in Chubb by 6.2% during the fourth quarter. Bollard Group LLC now owns 1,290 shares of the financial services provider’s stock worth $167,000 after buying an additional 75 shares during the last quarter. Selway Asset Management boosted its holdings in Chubb by 0.4% during the first quarter. Selway Asset Management now owns 18,635 shares of the financial services provider’s stock worth $2,610,000 after buying an additional 75 shares during the last quarter. Meristem Family Wealth LLC boosted its holdings in Chubb by 2.9% during the third quarter. Meristem Family Wealth LLC now owns 2,766 shares of the financial services provider’s stock worth $370,000 after buying an additional 79 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Chubb by 2.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,188 shares of the financial services provider’s stock worth $412,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

In related news, insider John J. Lupica sold 17,879 shares of Chubb stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $134.95, for a total value of $2,412,771.05. Following the sale, the insider now owns 192,265 shares of the company’s stock, valued at approximately $25,946,161.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Bennett Medini sold 2,437 shares of Chubb stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $133.94, for a total value of $326,411.78. Following the completion of the sale, the insider now directly owns 95,101 shares in the company, valued at approximately $12,737,827.94. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

A number of brokerages have issued reports on CB. Morgan Stanley cut Chubb from an “overweight” rating to an “equal weight” rating in a report on Wednesday. Zacks Investment Research lowered Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Sandler O’Neill lowered Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Credit Suisse Group lowered Chubb from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $141.00 to $131.00 in a research report on Wednesday, February 27th. Finally, Raymond James dropped their price target on Chubb from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Chubb has an average rating of “Hold” and a consensus target price of $151.33.

NYSE CB opened at $138.66 on Friday. The stock has a market cap of $63.54 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.32 and a beta of 0.82. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24. Chubb Ltd has a one year low of $119.54 and a one year high of $141.59.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, February 5th. The financial services provider reported $2.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.09. Chubb had a return on equity of 8.66% and a net margin of 11.72%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.80 billion. During the same quarter last year, the firm posted $3.17 earnings per share. Chubb’s revenue was up 4.2% compared to the same quarter last year. Research analysts anticipate that Chubb Ltd will post 10.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 22nd were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, March 21st. Chubb’s dividend payout ratio is presently 30.93%.

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Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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