Cwm LLC Raises Stock Holdings in Chubb Limited $CB

Cwm LLC lifted its stake in Chubb Limited (NYSE:CB) by 118.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,883 shares of the financial services provider’s stock after buying an additional 35,133 shares during the quarter. Cwm LLC’s holdings in Chubb were worth $18,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Mitchell & Pahl Private Wealth LLC lifted its holdings in Chubb by 0.5% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after purchasing an additional 35 shares in the last quarter. Rise Advisors LLC raised its position in shares of Chubb by 4.6% during the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 37 shares during the period. Sky Investment Group LLC lifted its stake in shares of Chubb by 1.6% during the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after buying an additional 38 shares in the last quarter. Evermay Wealth Management LLC lifted its stake in shares of Chubb by 2.3% during the 2nd quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after buying an additional 38 shares in the last quarter. Finally, JT Stratford LLC boosted its holdings in Chubb by 3.5% in the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after buying an additional 38 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “market perform” rating and set a $283.00 price target on shares of Chubb in a report on Thursday, October 23rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $309.00 target price on shares of Chubb in a research report on Monday, October 27th. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 22nd. Finally, Bank of America increased their price objective on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $311.90.

Chubb Stock Performance

NYSE CB opened at $313.51 on Friday. The stock has a market capitalization of $123.38 billion, a PE ratio of 13.08, a P/E/G ratio of 3.58 and a beta of 0.51. The business has a 50 day simple moving average of $294.47 and a two-hundred day simple moving average of $283.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $314.68.

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

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 16.19%.

Insiders Place Their Bets

In related news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their position. 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 23,698 shares of the business’s 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 in the company, valued at $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 57,333 shares of company stock valued at $16,629,873 in the last three months. Corporate insiders own 0.77% of the company’s stock.

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.