Crown Wealth Group LLC Reduces Stock Position in Chubb Limited $CB

Crown Wealth Group LLC lowered its stake in Chubb Limited (NYSE:CB) by 7.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 739 shares of the financial services provider’s stock after selling 56 shares during the quarter. Crown Wealth Group LLC’s holdings in Chubb were worth $214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. A. D. Beadell Investment Counsel Inc. boosted its holdings in Chubb by 1.2% in the second quarter. A. D. Beadell Investment Counsel Inc. now owns 7,615 shares of the financial services provider’s stock worth $2,206,000 after purchasing an additional 90 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Chubb by 16.3% in the second quarter. Bank Pictet & Cie Europe AG now owns 5,813 shares of the financial services provider’s stock worth $1,684,000 after purchasing an additional 813 shares during the last quarter. Dakota Wealth Management boosted its holdings in Chubb by 14.8% in the second quarter. Dakota Wealth Management now owns 31,643 shares of the financial services provider’s stock worth $9,168,000 after purchasing an additional 4,085 shares during the last quarter. Perigon Wealth Management LLC raised its position in Chubb by 6.0% in the second quarter. Perigon Wealth Management LLC now owns 8,929 shares of the financial services provider’s stock worth $2,587,000 after acquiring an additional 505 shares during the period. Finally, Octavia Wealth Advisors LLC bought a new position in Chubb in the second quarter worth approximately $337,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.1%

Shares of CB stock opened at $278.40 on Friday. The company has a market capitalization of $111.00 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 3.14 and a beta of 0.56. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company’s fifty day moving average price is $273.70 and its 200-day moving average price is $282.67. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $5.38 EPS. Sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, September 12th. Chubb’s payout ratio is currently 17.12%.

Analysts Set New Price Targets

Several research firms have weighed in on CB. Wells Fargo & Company decreased their price target on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a research report on Wednesday, August 13th. Evercore ISI set a $312.00 price target on shares of Chubb in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $314.00 to $324.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. Finally, Wolfe Research upgraded shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $303.06.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction on Friday, July 25th. The stock was bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares in the company, valued at $661,010. The trade was a 20.99% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.77% of the company’s stock.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.