Chubb Limited $CB Shares Purchased by Calamos Wealth Management LLC

Calamos Wealth Management LLC raised its position in Chubb Limited (NYSE:CB) by 22.6% in the third quarter, HoldingsChannel.com reports. The fund owned 69,262 shares of the financial services provider’s stock after purchasing an additional 12,770 shares during the quarter. Calamos Wealth Management LLC’s holdings in Chubb were worth $22,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atticus Wealth Management LLC increased its stake in shares of Chubb by 3.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 815 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 29 shares during the last quarter. Essential Investment Partners LLC raised its stake in Chubb by 51.8% in the 3rd 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 raised its stake in Chubb by 0.4% in the 3rd 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. raised its stake in Chubb by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 3,034 shares of the financial services provider’s stock valued at $987,000 after acquiring an additional 32 shares during the period. Finally, Baker Tilly Wealth Management LLC increased its holdings in shares of Chubb by 4.9% in the third quarter. Baker Tilly Wealth Management LLC now owns 722 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CB. Keefe, Bruyette & Woods cut their price objective on shares of Chubb from $389.00 to $387.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Piper Sandler boosted their price target on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Weiss Ratings upgraded Chubb from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday, October 16th. Finally, Atlantic Securities set a $301.00 target price on Chubb in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $362.78.

Chubb Price Performance

NYSE CB traded down $6.56 during midday trading on Friday, hitting $365.07. The company had a trading volume of 1,627,138 shares, compared to its average volume of 1,516,640. The company has a market capitalization of $139.49 billion, a PE ratio of 12.77, a P/E/G ratio of 1.71 and a beta of 0.29. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $346.04 and a 200-day moving average price of $335.48. Chubb Limited has a twelve month low of $282.99 and a twelve month high of $384.26.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The business had revenue of $16.20 billion during the quarter, compared to analysts’ expectations of $15.66 billion. During the same quarter in the prior year, the business posted $7.49 earnings per share. As a group, analysts anticipate that Chubb Limited will post 28.89 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Insider Buying and Selling at Chubb

In other news, EVP Timothy Boroughs sold 13,596 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the sale, the executive vice president directly owned 5,588 shares in the company, valued at approximately $1,993,630.76. This trade represents a 70.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Evan Greenberg sold 13,889 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,985 shares of company stock worth $11,748,463 over the last three months. Corporate insiders own 0.37% of the company’s stock.

Chubb Profile

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.

Chubb’s current corporate history dates to 2016, when ACE Limited acquired The Chubb Corporation and adopted the Chubb name.