Kingsview Wealth Management LLC Buys New Position in Chubb Limited $CB

Kingsview Wealth Management LLC bought a new stake in Chubb Limited (NYSE:CBFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,183 shares of the financial services provider’s stock, valued at approximately $1,766,000.

A number of other large investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in shares of Chubb in the second quarter valued at approximately $25,000. Dunhill Financial LLC bought a new stake in shares of Chubb in the second quarter worth $25,000. CBIZ Investment Advisory Services LLC boosted its holdings in Chubb by 148.5% during the fourth 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 last quarter. Parvin Asset Management LLC acquired a new position in Chubb during the second quarter worth $26,000. Finally, Frazier Financial Advisors LLC grew its position in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $340.34 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $347.46 and its two-hundred day moving average price is $333.97. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91. The firm has a market capitalization of $131.30 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 1.65 and a beta of 0.39.

Chubb (NYSE:CBGet Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter last year, the company posted $6.14 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts anticipate that Chubb Limited will post 27.35 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s dividend payout ratio is presently 14.43%.

Wall Street Analyst Weigh In

CB has been the topic of several recent research reports. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. Citizens Jmp restated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Mizuho lifted their target price on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. HSBC downgraded Chubb from a “buy” rating to a “hold” rating and lifted their target price for the company from $370.00 to $373.00 in a research report on Monday, July 6th. Finally, UBS Group increased their price target on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $361.00.

Read Our Latest Report on Chubb

Insider Activity

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

About Chubb

(Free Report)

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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