Expressive Wealth LLC Buys New Shares in Chubb Limited $CB

Expressive Wealth LLC purchased a new stake in shares of Chubb Limited (NYSE:CBFree Report) during the second quarter, Holdings Channel reports. The fund purchased 1,893 shares of the financial services provider’s stock, valued at approximately $645,000.

A number of other large investors have also recently bought and sold shares of the business. Berkshire Hathaway Inc lifted its stake in shares of Chubb by 9.3% in the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after purchasing an additional 2,916,288 shares during the period. BlackRock Inc. acquired a new stake in Chubb during the second quarter worth approximately $9,913,336,000. State Street Corp increased its holdings in Chubb by 0.4% in the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after purchasing an additional 68,553 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after purchasing an additional 3,049,987 shares in the last quarter. Finally, GQG Partners LLC lifted its stake in Chubb by 15.2% in the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after buying an additional 1,647,729 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Citigroup reissued a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. Wells Fargo & Company lowered their price objective on Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. Cantor Fitzgerald raised their target price on Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised their target price on Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $361.00.

Read Our Latest Analysis on Chubb

Chubb Stock Performance

NYSE CB opened at $341.15 on Friday. Chubb Limited has a 52-week low of $265.30 and a 52-week high of $365.91. The company has a 50-day simple moving average of $345.88 and a 200 day simple moving average of $333.31. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $131.62 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39.

Chubb (NYSE:CBGet Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $6.14 earnings per share. On average, research analysts predict that Chubb Limited will post 27.49 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors 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 payout ratio is 14.43%.

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.

Further Reading

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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