River Wealth Advisors LLC Boosts Stock Position in Chubb Limited $CB

River Wealth Advisors LLC raised its holdings in Chubb Limited (NYSE:CB) by 8.1% during the second quarter, Holdings Channel reports. The institutional investor owned 32,576 shares of the financial services provider’s stock after buying an additional 2,434 shares during the period. Chubb makes up about 1.2% of River Wealth Advisors LLC’s holdings, making the stock its 22nd largest position. River Wealth Advisors LLC’s holdings in Chubb were worth $9,438,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Chubb during the 4th quarter worth approximately $205,000. Liberty Wealth Management LLC acquired a new position in shares of Chubb in the 1st quarter valued at $43,000. Commonwealth Equity Services LLC grew its position in shares of Chubb by 6.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 85,909 shares of the financial services provider’s stock valued at $25,944,000 after buying an additional 5,080 shares during the last quarter. Finally, Sfmg LLC lifted its position in Chubb by 3.6% in the first quarter. Sfmg LLC now owns 1,319 shares of the financial services provider’s stock valued at $398,000 after acquiring an additional 46 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Chubb news, insider John J. Lupica sold 16,375 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the transaction, the insider owned 74,225 shares in the company, valued at approximately $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 57,333 shares of company stock valued at $16,629,873 in the last three months. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wolfe Research raised their price objective on Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Bank of America lifted their price target on Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research report on Monday, October 13th. Evercore ISI increased their price objective on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $308.32.

Chubb Stock Performance

NYSE:CB opened at $294.60 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $115.94 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 3.36 and a beta of 0.51. The firm’s fifty day moving average price is $285.33 and its 200 day moving average price is $281.58. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating the consensus estimate of $5.51 by $1.98. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.72 earnings per share. On average, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio is 16.19%.

Chubb 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.