Sequoia Financial Advisors LLC Grows Stock Position in Chubb Limited $CB

Sequoia Financial Advisors LLC lifted its holdings in Chubb Limited (NYSE:CB) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,344 shares of the financial services provider’s stock after purchasing an additional 1,162 shares during the period. Sequoia Financial Advisors LLC’s holdings in Chubb were worth $6,474,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC bought a new stake in shares of Chubb during the 1st quarter valued at $25,000. North Capital Inc. bought a new stake in Chubb during the first quarter valued at about $26,000. IMA Advisory Services Inc. bought a new position in shares of Chubb in the first quarter worth about $31,000. 1248 Management LLC purchased a new position in Chubb during the first quarter valued at approximately $31,000. Finally, WPG Advisers LLC bought a new position in shares of Chubb in the first quarter worth approximately $33,000. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on CB shares. Wells Fargo & Company upped their target price on shares of Chubb from $267.00 to $277.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods increased their target price on Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, Evercore ISI increased their price target on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $306.82.

Insider Buying and Selling

In related news, Director Michael Corbat bought 425 shares of the company’s stock in a transaction 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 purchase, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by corporate insiders.

Chubb Trading Down 0.2%

Shares of NYSE CB opened at $282.42 on Tuesday. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $112.60 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 3.18 and a beta of 0.54. The business’s 50 day moving average price is $276.97 and its 200-day moving average price is $281.70.

Chubb (NYSE:CB) last announced its quarterly earnings data 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 return on equity of 12.34% and a net margin of 16.08%.The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter in the prior year, the company posted $5.38 EPS. Chubb’s quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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