Advocate Group LLC Increases Position in Chubb Limited $CB

Advocate Group LLC lifted its holdings in Chubb Limited (NYSE:CB) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,877 shares of the financial services provider’s stock after buying an additional 2,863 shares during the quarter. Advocate Group LLC’s holdings in Chubb were worth $8,389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CB. Spire Wealth Management increased its position in Chubb by 490.5% during the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after purchasing an additional 7,156 shares during the period. Chesley Taft & Associates LLC lifted its position in shares of Chubb by 7.4% in the 4th quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after purchasing an additional 7,043 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of Chubb by 42.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock valued at $4,446,000 after purchasing an additional 4,233 shares in the last quarter. Westbourne Investment Advisors Inc. boosted its stake in shares of Chubb by 12.3% during the third quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock valued at $6,275,000 after purchasing an additional 2,427 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in Chubb during the third quarter valued at approximately $3,123,000. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on shares of Chubb from $283.00 to $319.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. HSBC lifted their price target on Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a report on Thursday, February 5th. UBS Group restated a “neutral” rating and set a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Bank of America dropped their price objective on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research report on Friday, January 16th. Finally, Mizuho lifted their target price on Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $342.14.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction dated Thursday, February 5th. The stock was 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 of the company’s stock, 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 can be accessed through this link. Also, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,877 shares of company stock worth $14,885,226 in the last 90 days. Insiders own 0.77% of the company’s stock.

Chubb Stock Performance

CB opened at $328.55 on Friday. The company has a market cap of $128.21 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $326.08 and its 200-day moving average price is $304.76. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period last year, the business earned $6.02 EPS. Chubb’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s dividend payout ratio is presently 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.