Philip James Wealth Mangement LLC Acquires 9,700 Shares of Chubb Limited $CB

Philip James Wealth Mangement LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 191.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 14,754 shares of the financial services provider’s stock after purchasing an additional 9,700 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in Chubb were worth $4,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CB. E Fund Management Co. Ltd. lifted its holdings in shares of Chubb by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 36 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 37 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Chubb by 4.4% in the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 38 shares in the last quarter. Avantax Planning Partners Inc. lifted its holdings in shares of Chubb by 5.1% in the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 38 shares in the last quarter. Finally, Sky Investment Group LLC lifted its holdings in shares of Chubb by 1.6% in the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 38 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 0.2%

Shares of Chubb stock opened at $281.65 on Thursday. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm has a market cap of $112.29 billion, a PE ratio of 12.42, a P/E/G ratio of 3.19 and a beta of 0.54. The stock has a fifty day moving average price of $274.24 and a 200-day moving average price of $282.44. 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 announced its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (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 firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same period last year, the firm posted $5.38 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CB shares. Piper Sandler reissued a “neutral” rating and issued a $283.00 price target (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Morgan Stanley lowered their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. HSBC lowered Chubb from a “buy” rating to a “hold” rating and lowered their price target for the company from $317.00 to $300.00 in a research report on Friday, August 1st. UBS Group lowered their price target on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Finally, Evercore ISI increased their price target on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $303.24.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat purchased 425 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director owned 2,450 shares of the company’s stock, valued at $661,010. The trade was a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

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.