Exencial Wealth Advisors LLC Raises Stock Position in Chubb Limited $CB

Exencial Wealth Advisors LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,825 shares of the financial services provider’s stock after purchasing an additional 521 shares during the period. Exencial Wealth Advisors LLC’s holdings in Chubb were worth $2,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CB. Brighton Jones LLC raised its holdings in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Chubb during the fourth quarter worth $205,000. GAMMA Investing LLC raised its holdings in shares of Chubb by 22.3% during the first quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock worth $2,084,000 after purchasing an additional 1,258 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Chubb by 59.4% during the first quarter. Continuum Advisory LLC now owns 161 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 60 shares during the last quarter. Finally, Legacy Advisors LLC raised its holdings in shares of Chubb by 16.5% during the first quarter. Legacy Advisors LLC now owns 1,413 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In related news, Director Michael Corbat bought 425 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CB shares. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday. Barclays raised their price target on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Bank of America raised their price target on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research report on Monday, October 13th. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and dropped their price target for the company from $317.00 to $300.00 in a research report on Friday, August 1st. Finally, Evercore ISI raised their price target on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average target price of $305.28.

Chubb Stock Up 2.7%

Shares of NYSE CB opened at $276.47 on Thursday. The company’s 50-day simple moving average is $277.36 and its 200-day simple moving average is $280.74. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The firm has a market cap of $110.23 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 3.03 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 13.23%. The business had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter last year, the business earned $5.72 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a $0.97 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s dividend payout ratio (DPR) is 17.12%.

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.