Jackson Thornton Wealth Management LLC Acquires Shares of 2,672 Chubb Limited $CB

Jackson Thornton Wealth Management LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,672 shares of the financial services provider’s stock, valued at approximately $767,000.

Several other large investors also recently added to or reduced their stakes in CB. Norges Bank bought a new position in Chubb in the 2nd quarter worth approximately $1,195,137,000. Bank of America Corp DE increased its holdings in Chubb by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after acquiring an additional 513,852 shares during the last quarter. London Co. of Virginia lifted its stake in Chubb by 211.0% in the 2nd quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock worth $213,559,000 after purchasing an additional 500,116 shares in the last quarter. Altrinsic Global Advisors LLC grew its position in shares of Chubb by 46.9% during the second quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock valued at $403,535,000 after purchasing an additional 444,557 shares in the last quarter. Finally, Troy Asset Management Ltd increased its stake in Chubb by 89.1% in the 2nd quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock worth $229,872,000 after acquiring an additional 373,872 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president owned 60,593 shares in the company, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the transaction, the insider directly owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 57,333 shares of company stock worth $16,629,873. 0.86% of the stock is owned by insiders.

Chubb Stock Performance

CB stock opened at $301.19 on Tuesday. Chubb Limited has a one year low of $263.14 and a one year high of $316.94. The firm has a market cap of $118.53 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 3.15 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a 50-day simple moving average of $303.46 and a two-hundred day simple moving average of $286.07.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the previous year, the business posted $5.72 EPS. Chubb’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s payout ratio is 16.19%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup reissued a “market outperform” rating on shares of Chubb in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Cantor Fitzgerald raised their target price on shares of Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Bank of America decreased their price target on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a research note on Friday. Finally, Evercore ISI reiterated an “outperform” rating and issued a $346.00 target price on shares of Chubb in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $323.81.

Chubb Profile

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.