Cyndeo Wealth Partners LLC Has $7.75 Million Holdings in Chubb Limited $CB

Cyndeo Wealth Partners LLC raised its position in shares of Chubb Limited (NYSE:CB) by 1.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 26,743 shares of the financial services provider’s stock after purchasing an additional 403 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Chubb were worth $7,748,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. GQG Partners LLC increased its position in Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Demars Financial Group LLC increased its position in Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock valued at $1,884,004,000 after purchasing an additional 878,177 shares during the period. Ameriprise Financial Inc. increased its position in Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after purchasing an additional 304,751 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Chubb by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock valued at $840,756,000 after purchasing an additional 30,334 shares during the period. Finally, Nuveen LLC acquired a new stake in Chubb during the 1st quarter valued at approximately $562,221,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $284.13 on Friday. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The business’s fifty day moving average is $276.36 and its 200 day moving average is $282.07. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The stock has a market cap of $113.28 billion, a P/E ratio of 12.53, a P/E/G ratio of 3.23 and a beta of 0.54.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is currently 17.12%.

Insider Activity

In related news, Director Michael Corbat acquired 425 shares of the company’s stock in a transaction on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director owned 2,450 shares in the company, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. UBS Group reduced their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Morgan Stanley reduced their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. Piper Sandler reaffirmed a “neutral” rating and set a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Finally, Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus target price of $306.82.

About Chubb

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.