Trivium Point Advisory LLC Acquires Shares of 6,530 Chubb Limited $CB

Trivium Point Advisory LLC purchased a new stake in Chubb Limited (NYSE:CB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,530 shares of the financial services provider’s stock, valued at approximately $2,225,000.

Several other institutional investors have also recently bought and sold shares of the stock. CBIZ Investment Advisory Services LLC raised its position in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. Frazier Financial Advisors LLC boosted its holdings in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC bought a new position in Chubb in the first quarter valued at about $29,000. Laurel Wealth Advisors LLC acquired a new stake in Chubb in the fourth quarter worth about $31,000. Finally, Ares Financial Consulting LLC bought a new stake in Chubb during the 4th quarter worth about $32,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CB shares. Mizuho increased their price target on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Cantor Fitzgerald lifted their price target on shares of Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. The Goldman Sachs Group boosted their price target on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $354.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. 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 given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $360.09.

Insider Activity at Chubb

In related news, 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 value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.

Chubb Stock Up 0.0%

NYSE:CB opened at $343.80 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $344.31 and its two-hundred day moving average price is $332.19. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The firm has a market capitalization of $132.64 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the prior year, the business earned $6.14 EPS. Chubb’s quarterly revenue was up 3.6% on a year-over-year basis. Equities research analysts expect that Chubb Limited will post 27.45 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

About Chubb

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.