Chubb Limited $CB Stock Position Raised by Smith Salley Wealth Management

Smith Salley Wealth Management lifted its holdings in shares of Chubb Limited (NYSE:CB) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,452 shares of the financial services provider’s stock after buying an additional 272 shares during the period. Smith Salley Wealth Management’s holdings in Chubb were worth $2,738,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CB. Guyasuta Investment Advisors Inc. grew its position in Chubb by 12.3% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 7,291 shares of the financial services provider’s stock worth $2,112,000 after purchasing an additional 800 shares during the last quarter. Worth Financial Advisory Group LLC grew its position in Chubb by 4.1% in the 2nd quarter. Worth Financial Advisory Group LLC now owns 2,980 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 118 shares during the last quarter. Avior Wealth Management LLC grew its position in Chubb by 609.0% in the 2nd quarter. Avior Wealth Management LLC now owns 3,765 shares of the financial services provider’s stock worth $1,091,000 after purchasing an additional 3,234 shares during the last quarter. Virginia Wealth Management Group Inc. grew its position in Chubb by 0.6% in the 2nd quarter. Virginia Wealth Management Group Inc. now owns 17,997 shares of the financial services provider’s stock worth $5,214,000 after purchasing an additional 104 shares during the last quarter. Finally, LVW Advisors LLC grew its position in Chubb by 2.2% in the 2nd quarter. LVW Advisors LLC now owns 11,604 shares of the financial services provider’s stock worth $3,362,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares of the company’s stock, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Up 0.9%

CB stock opened at $280.77 on Monday. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The firm has a market cap of $111.94 billion, a PE ratio of 12.39, a P/E/G ratio of 3.17 and a beta of 0.56. The firm has a 50 day simple moving average of $273.84 and a 200 day simple moving average of $282.55. 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 released its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS 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 during the quarter, compared to analyst estimates of $12.53 billion. During the same period in the prior year, the business earned $5.38 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Analyst Upgrades and Downgrades

CB has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of Chubb in a research report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 target price for the company. UBS Group decreased their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research note on Wednesday, August 13th. Morgan Stanley reduced their price target on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Finally, Barclays lowered shares of Chubb from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $303.06.

About Chubb

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.