1,737 Shares of Chubb Limited $CB Acquired by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. acquired a new stake in shares of Chubb Limited (NYSE:CB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,737 shares of the financial services provider’s stock, valued at approximately $575,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new stake in Chubb in the 2nd quarter worth $25,000. Dunhill Financial LLC bought a new position in shares of Chubb during the second quarter worth $25,000. Parvin Asset Management LLC bought a new stake in Chubb in the 2nd quarter valued at $26,000. Highland Investment Advisors LLC bought a new position in shares of Chubb during the 2nd quarter valued at about $26,000. Finally, Frazier Financial Advisors LLC increased its holdings in shares of Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 1.1%

Shares of CB opened at $350.05 on Thursday. 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 company’s fifty day simple moving average is $340.26 and its 200-day simple moving average is $335.98. The company has a market cap of $135.05 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.52 and a beta of 0.36.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.14 EPS. As a group, analysts expect that Chubb Limited will post 27.68 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s dividend payout ratio is 14.43%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CB shares. Evercore restated an “outperform” rating and set a $374.00 price target on shares of Chubb in a report on Friday, July 10th. Piper Sandler upped their price objective on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Cantor Fitzgerald upped their price objective on Chubb from $330.00 to $333.00 and gave the stock a “neutral” rating in a report on Wednesday, October 7th. Mizuho lowered their target price on Chubb from $347.00 to $336.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Finally, The Goldman Sachs Group raised their target price on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $358.36.

Insiders Place Their Bets

In other news, Director Michael Connors sold 5,500 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’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 in the company, valued at $12,302,860.46. This represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by insiders.

About Chubb

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.