Chubb Limited $CB Stock Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lifted its holdings in Chubb Limited (NYSE:CB) by 20.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,170 shares of the financial services provider’s stock after buying an additional 4,429 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Chubb were worth $8,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CB. Atticus Wealth Management LLC raised its position in Chubb by 3.7% in the third quarter. Atticus Wealth Management LLC now owns 815 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 29 shares in the last quarter. Essential Investment Partners LLC lifted its holdings in Chubb by 51.8% in the third quarter. Essential Investment Partners LLC now owns 85 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 29 shares during the period. Freedom Day Solutions LLC lifted its holdings in Chubb by 0.4% in the third quarter. Freedom Day Solutions LLC now owns 8,241 shares of the financial services provider’s stock valued at $2,681,000 after acquiring an additional 31 shares during the period. United Asset Strategies Inc. boosted its position in shares of Chubb by 1.1% during the 3rd quarter. United Asset Strategies Inc. now owns 3,034 shares of the financial services provider’s stock worth $987,000 after purchasing an additional 32 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its position in shares of Chubb by 4.9% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 722 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $369.34 on Wednesday. The business has a 50 day moving average price of $347.10 and a 200 day moving average price of $336.14. The company has a market capitalization of $141.12 billion, a P/E ratio of 12.92, a PEG ratio of 1.68 and a beta of 0.29. Chubb Limited has a 1-year low of $288.39 and a 1-year high of $384.26. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. The company had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same period in the previous year, the business earned $7.49 earnings per share. Sell-side analysts expect that Chubb Limited will post 28.89 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a $1.02 dividend. The ex-dividend date was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. Chubb’s dividend payout ratio (DPR) is currently 14.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CB shares. Mizuho upped their price target on shares of Chubb from $336.00 to $350.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd. Citizens Jmp reiterated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Chubb from a “buy (b)” rating to a “buy (a)” rating in a research note on Friday, October 16th. UBS Group reissued a “neutral” rating and set a $380.00 price objective on shares of Chubb in a report on Monday, October 26th. Finally, TD Cowen upped their target price on shares of Chubb from $360.00 to $379.00 and gave the stock a “hold” rating in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $362.78.

Insider Transactions at Chubb

In other news, EVP Timothy Boroughs sold 13,596 shares of Chubb stock in a transaction on Monday, October 26th. The stock was sold at an average price of $356.77, for a total transaction of $4,850,644.92. Following the completion of the transaction, the executive vice president owned 5,588 shares of the company’s stock, valued at $1,993,630.76. The trade was a 70.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 13,889 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $360.02, for a total transaction of $5,000,317.78. Following the completion of the sale, the chief executive officer owned 277,274 shares in the company, valued at $99,824,185.48. This represents a 4.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,985 shares of company stock valued at $11,748,463 in the last 90 days. 0.37% of the stock is currently owned by insiders.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.