Phillips Wealth Planners LLC Buys Shares of 1,724 Chubb Limited $CB

Phillips Wealth Planners LLC purchased a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,724 shares of the financial services provider’s stock, valued at approximately $619,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cherry Tree Wealth Management LLC raised its stake in shares of Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares in the last quarter. Hoxton Planning & Management LLC grew its position in Chubb by 4.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after buying an additional 31 shares in the last quarter. G&S Capital LLC increased its stake in Chubb by 1.5% during the 4th quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock valued at $709,000 after buying an additional 34 shares during the period. South Plains Financial Inc. increased its stake in Chubb by 2.2% during the 4th quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock valued at $500,000 after buying an additional 34 shares during the period. Finally, Stock Yards Bank & Trust Co. raised its position in shares of Chubb by 0.8% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock worth $1,338,000 after buying an additional 34 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CB shares. Morgan Stanley upped their price target on shares of Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. BMO Capital Markets boosted their target price on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. UBS Group upped their target price on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Atlantic Securities set a $301.00 price target on Chubb in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $360.09.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.37% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $341.24 on Tuesday. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $344.69 and a two-hundred day moving average of $332.47. The company has a market capitalization of $131.65 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the previous year, the company posted $6.14 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts expect that Chubb Limited will post 27.45 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

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.