Integrated Wealth Concepts LLC Grows Stock Position in Chubb Limited $CB

Integrated Wealth Concepts LLC lifted its holdings in Chubb Limited (NYSE:CB) by 19.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,589 shares of the financial services provider’s stock after purchasing an additional 3,846 shares during the period. Integrated Wealth Concepts LLC’s holdings in Chubb were worth $8,038,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CB. IMG Wealth Management Inc. purchased a new stake in Chubb during the second quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in shares of Chubb in the 2nd quarter worth $25,000. CBIZ Investment Advisory Services LLC raised its holdings in Chubb by 148.5% in the 4th 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 period. Parvin Asset Management LLC bought a new position in Chubb in the 2nd quarter worth $26,000. Finally, Highland Investment Advisors LLC purchased a new position in Chubb during the second quarter valued at $26,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In related news, Director Michael Connors sold 5,500 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the sale, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CB. UBS Group boosted their price objective on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. The Goldman Sachs Group upped their price target on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Mizuho raised their price objective on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Barclays set a $387.00 target price on shares of Chubb in a research note on Tuesday, July 7th. Finally, Weiss Ratings lowered Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $361.00.

Chubb Trading Up 0.3%

Chubb stock opened at $338.51 on Friday. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91. The firm’s 50 day moving average price is $347.43 and its 200-day moving average price is $334.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $130.60 billion, a P/E ratio of 11.97, a PEG ratio of 1.61 and a beta of 0.37.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. The company had revenue of $11.97 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%. Chubb’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $6.14 earnings per share. On average, equities analysts predict that Chubb Limited will post 27.35 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. Stockholders of record on Friday, September 11th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers’ compensation, professional lines, personal assets, and other specialty risks.

Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.