Chubb Limited $CB Holdings Boosted by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,742 shares of the financial services provider’s stock after purchasing an additional 498 shares during the period. Apollon Wealth Management LLC’s holdings in Chubb were worth $6,299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. Modern Wealth Management LLC boosted its stake in shares of Chubb by 6.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after buying an additional 143 shares during the period. Trifecta Capital Advisors LLC boosted its stake in shares of Chubb by 764.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after buying an additional 130 shares during the period. Jump Financial LLC boosted its stake in shares of Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after buying an additional 7,065 shares during the period. Legato Capital Management LLC boosted its stake in shares of Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after buying an additional 5,582 shares during the period. Finally, Davis Rea LTD. acquired a new stake in shares of Chubb during the 1st quarter valued at $5,117,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Citigroup started coverage on shares of Chubb in a report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price objective for the company. Evercore ISI upped their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Wells Fargo & Company upped their price objective on shares of Chubb from $267.00 to $277.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Wolfe Research upgraded shares of Chubb to a “strong-buy” rating in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and a consensus price target of $306.82.

Insider Activity

In related news, Director Michael Corbat acquired 425 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

Chubb Stock Down 0.4%

Chubb stock opened at $283.08 on Friday. The firm has a fifty day moving average price of $276.67 and a two-hundred day moving average price of $281.92. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $112.86 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 3.18 and a beta of 0.54.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter in the previous year, the firm posted $5.38 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s payout ratio is presently 17.12%.

About Chubb

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.