Chubb Limited $CB Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 29.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,024 shares of the financial services provider’s stock after purchasing an additional 14,058 shares during the period. Orion Porfolio Solutions LLC’s holdings in Chubb were worth $17,506,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its stake in shares of Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares during the period. Cedar Mountain Advisors LLC lifted its holdings in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 56 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in Chubb in the second quarter worth approximately $32,000. Cornerstone Planning Group LLC increased its stake in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in Chubb in the third quarter valued at $34,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares in the company, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.77% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $334.17 on Thursday. The firm’s fifty day simple moving average is $317.53 and its 200-day simple moving average is $297.04. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $130.38 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 2.15 and a beta of 0.46. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.Chubb’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.02 earnings per share. Analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is currently 15.08%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CB shares. BMO Capital Markets upped their price objective on shares of Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a report on Tuesday, February 10th. Citizens Jmp reiterated a “market outperform” rating and set a $350.00 price target on shares of Chubb in a report on Wednesday, February 4th. Piper Sandler raised their price objective on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. HSBC boosted their target price on shares of Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Cantor Fitzgerald raised their price objective on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $340.81.

Chubb Profile

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.