Chubb Limited $CB Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 292.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 14,322 shares of the financial services provider’s stock after purchasing an additional 10,671 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Chubb were worth $4,658,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. IMG Wealth Management Inc. bought a new stake in shares of Chubb during the 2nd quarter worth $25,000. Dunhill Financial LLC purchased a new stake in shares of Chubb during the second quarter valued at $25,000. Parvin Asset Management LLC acquired a new position in shares of Chubb in the 2nd quarter valued at $26,000. Highland Investment Advisors LLC acquired a new position in shares of Chubb in the 2nd quarter valued at $26,000. Finally, Frazier Financial Advisors LLC increased its stake in Chubb by 86.4% in the 1st 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 in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 2.4%

Chubb stock traded up $8.19 during trading hours on Thursday, hitting $342.89. The company had a trading volume of 428,055 shares, compared to its average volume of 1,718,532. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $132.29 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.48 and a beta of 0.36. The firm’s fifty day moving average is $340.75 and its 200-day moving average is $335.25.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (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 company had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same quarter last year, the business posted $6.14 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts forecast that Chubb Limited will post 27.39 earnings per share for the current year.

Chubb Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have commented on CB shares. UBS Group upped their price objective on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Piper Sandler boosted their price target on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings downgraded shares of Chubb from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Wells Fargo & Company lowered their price objective on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Finally, Citigroup reissued a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $359.00.

Insider Activity

In related news, Director Michael Connors sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

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.