Chubb Limited $CB Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC boosted its holdings in shares of Chubb Limited (NYSE:CB) by 22.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 47,966 shares of the financial services provider’s stock after purchasing an additional 8,878 shares during the period. Orion Porfolio Solutions LLC’s holdings in Chubb were worth $13,897,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rise Advisors LLC increased its position in Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 37 shares during the period. Sky Investment Group LLC grew its stake in shares of Chubb by 1.6% in the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 38 shares during the last quarter. Evermay Wealth Management LLC increased its holdings in shares of Chubb by 2.3% in the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 38 shares during the period. JT Stratford LLC increased its holdings in shares of Chubb by 3.5% in the second quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 38 shares during the period. Finally, Lincoln Capital LLC raised its stake in shares of Chubb by 0.6% during the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock worth $2,022,000 after purchasing an additional 39 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of CB opened at $308.45 on Friday. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $308.98. The stock has a market cap of $121.39 billion, a P/E ratio of 12.87, a PEG ratio of 3.52 and a beta of 0.51. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $288.27 and a two-hundred day moving average of $282.18.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping 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 business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the company posted $5.72 EPS. The company’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on CB. Cantor Fitzgerald restated a “neutral” rating on shares of Chubb in a research note on Wednesday. Wolfe Research raised their price target on Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a report on Thursday. Keefe, Bruyette & Woods lifted their price target on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Finally, HSBC increased their price target on shares of Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $309.79.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction 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. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 57,333 shares of company stock valued at $16,629,873 over the last three months. 0.77% of the stock is currently owned by insiders.

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.