2,631 Shares in Chubb Limited $CB Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC bought a new stake in shares of Chubb Limited (NYSE:CB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,631 shares of the financial services provider’s stock, valued at approximately $743,000.

Other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 44 shares during the period. VSM Wealth Advisory LLC bought a new position in Chubb during the second quarter worth $32,000. Heartwood Wealth Advisors LLC acquired a new position in Chubb during the 3rd quarter valued at $34,000. Maseco LLP bought a new stake in Chubb in the 2nd quarter valued at $35,000. Finally, Financial Consulate Inc. bought a new stake in Chubb in the 3rd quarter valued at $37,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CB. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Evercore ISI reissued an “outperform” rating and set a $346.00 target price on shares of Chubb in a research report on Wednesday. Keefe, Bruyette & Woods boosted their price target on Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Wolfe Research upped their price target on Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Finally, Jefferies Financial Group lifted their price objective on Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $318.00.

Chubb Stock Down 2.0%

Shares of CB opened at $306.75 on Friday. 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 company has a 50-day moving average price of $301.38 and a two-hundred day moving average price of $285.35. The stock has a market cap of $120.72 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 3.21 and a beta of 0.51. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $316.94.

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

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio is currently 16.19%.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 57,333 shares of company stock valued at $16,629,873. 0.77% of the stock is currently owned by company insiders.

About Chubb

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.