Delta Financial Advisors LLC Has $3.27 Million Position in Chubb Limited $CB

Delta Financial Advisors LLC lifted its stake in Chubb Limited (NYSE:CB) by 26.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 10,022 shares of the financial services provider’s stock after acquiring an additional 2,097 shares during the period. Delta Financial Advisors LLC’s holdings in Chubb were worth $3,266,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC raised its holdings in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. Merkkuri Wealth Advisors LLC bought a new stake in shares of Chubb during the first quarter valued at approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of Chubb during the fourth quarter valued at approximately $31,000. Ares Financial Consulting LLC acquired a new position in shares of Chubb in the fourth quarter valued at $32,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Chubb in the third quarter valued at $31,000. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CB. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Cantor Fitzgerald increased their price objective on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company lifted their target price on shares of Chubb from $333.00 to $358.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Jefferies Financial Group lowered their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Finally, BMO Capital Markets increased their price target on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $357.73.

Chubb Stock Down 2.6%

Shares of NYSE CB opened at $337.06 on Thursday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The business has a fifty day moving average of $331.24 and a two-hundred day moving average of $325.29. The stock has a market cap of $130.73 billion, a PE ratio of 11.90, a PEG ratio of 1.77 and a beta of 0.40.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, equities research analysts expect that Chubb Limited will post 26.76 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a dividend of $1.02 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s payout ratio is currently 14.41%.

Chubb Company 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.