B. Riley Wealth Advisors Inc. Buys Shares of 7,682 Chubb Limited $CB

B. Riley Wealth Advisors Inc. bought a new position in shares of Chubb Limited (NYSE:CB) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 7,682 shares of the financial services provider’s stock, valued at approximately $2,226,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Chubb by 0.6% in the second quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock worth $10,643,993,000 after purchasing an additional 210,053 shares during the period. Geode Capital Management LLC grew its holdings in shares of Chubb by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock valued at $2,541,771,000 after buying an additional 30,721 shares during the period. Bank of America Corp DE increased its position in shares of 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 buying an additional 513,852 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after buying an additional 304,751 shares during the period. Finally, Norges Bank bought a new position in Chubb during the second quarter worth about $1,195,137,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Alan Boroughs sold 10,580 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $296.17, for a total value of $3,133,478.60. Following the transaction, the executive vice president owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. This represents a 45.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the sale, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 in the last three months. 0.86% of the stock is currently owned by company insiders.

Chubb Trading Up 0.8%

Shares of Chubb stock opened at $308.45 on Monday. The stock has a market cap of $121.39 billion, a P/E ratio of 12.87, a P/E/G ratio of 3.52 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $308.98. The business’s 50 day moving average is $288.27 and its 200-day moving average is $282.14.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $12.95 billion. During the same quarter last year, the company posted $5.72 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a $0.97 dividend. The ex-dividend date is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio is 16.19%.

Analyst Ratings Changes

Several brokerages have issued reports on CB. Deutsche Bank Aktiengesellschaft increased their price target on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, November 24th. BMO Capital Markets reissued a “market perform” rating and set a $283.00 target price on shares of Chubb in a research note on Thursday, October 23rd. Bank of America raised their target price on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a report on Monday, October 13th. Wolfe Research upped their price target on shares of Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $309.79.

Chubb Company Profile

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.