OneAscent Wealth Management LLC Makes New Investment in Chubb Limited $CB

OneAscent Wealth Management LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,533 shares of the financial services provider’s stock, valued at approximately $522,000.

A number of other hedge funds have also made changes to their positions in CB. OneAscent Family Office LLC purchased a new position in shares of Chubb during the second quarter valued at $304,000. OneAscent Financial Services LLC bought a new position in Chubb during the second quarter valued at approximately $523,000. Allworth Financial LP bought a new position in shares of Chubb during the 2nd quarter valued at $23,623,000. Silvant Capital Management LLC acquired a new stake in shares of Chubb in the second quarter worth about $3,689,000. Finally, LaSalle St. Investment Advisors LLC acquired a new stake in Chubb in the 2nd quarter worth approximately $378,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.5%

CB stock opened at $341.15 on Friday. The business has a fifty day moving average price of $345.88 and a 200 day moving average price of $333.31. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The stock has a market capitalization of $131.62 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 1.66 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.14 earnings per share. Analysts expect that Chubb Limited will post 27.49 EPS for the current fiscal year.

Chubb Announces Dividend

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

Insider Activity

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

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. UBS Group raised their target price on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Barclays set a $387.00 price objective on Chubb in a report on Tuesday, July 7th. Citizens Jmp restated a “market outperform” rating and set a $400.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. Mizuho upped their price target on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $354.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $361.00.

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.