Amplius Wealth Advisors LLC Sells 1,759 Shares of Chubb Limited $CB

Amplius Wealth Advisors LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 74,311 shares of the financial services provider’s stock after selling 1,759 shares during the period. Chubb makes up 1.9% of Amplius Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Amplius Wealth Advisors LLC’s holdings in Chubb were worth $23,194,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. RoundAngle Advisors LLC boosted its holdings in Chubb by 6.2% during the fourth quarter. RoundAngle Advisors LLC now owns 4,672 shares of the financial services provider’s stock valued at $1,458,000 after purchasing an additional 273 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Chubb by 1.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 23,852 shares of the financial services provider’s stock worth $7,445,000 after buying an additional 450 shares during the period. Avanza Fonder AB boosted its stake in Chubb by 6.1% in the 4th quarter. Avanza Fonder AB now owns 29,917 shares of the financial services provider’s stock valued at $9,338,000 after buying an additional 1,731 shares in the last quarter. Sunflower Bank N.A. boosted its stake in Chubb by 9.9% in the 4th quarter. Sunflower Bank N.A. now owns 980 shares of the financial services provider’s stock valued at $306,000 after buying an additional 88 shares in the last quarter. Finally, Somerset Trust Co lifted its holdings in shares of Chubb by 0.7% during the fourth quarter. Somerset Trust Co now owns 14,483 shares of the financial services provider’s stock valued at $4,520,000 after acquiring an additional 103 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This represents a 70.20% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 44,877 shares of company stock valued at $14,885,226. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CB. Wolfe Research upped their target price on shares of Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Jefferies Financial Group raised their price objective on shares of Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. HSBC boosted their target price on Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Barclays increased their price target on Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $342.05.

Chubb Stock Down 0.3%

NYSE CB opened at $325.48 on Wednesday. The stock has a market capitalization of $126.99 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 2.04 and a beta of 0.46. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. 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 stock has a fifty day moving average of $322.14 and a 200-day moving average of $302.24.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.02 earnings per share. On average, equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s payout ratio is currently 15.08%.

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.