Liberty Wealth Management LLC Boosts Holdings in Chubb Limited (NYSE:CB)

Liberty Wealth Management LLC grew its position in Chubb Limited (NYSE:CB) by 14,570.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,060 shares of the financial services provider’s stock after acquiring an additional 23,896 shares during the period. Liberty Wealth Management LLC’s holdings in Chubb were worth $151,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CB. E Fund Management Co. Ltd. acquired a new position in shares of Chubb in the first quarter worth about $125,000. Moors & Cabot Inc. raised its position in shares of Chubb by 6.1% during the 1st quarter. Moors & Cabot Inc. now owns 7,370 shares of the financial services provider’s stock worth $1,165,000 after purchasing an additional 425 shares during the last quarter. Haverford Trust Co. raised its position in shares of Chubb by 1.5% during the 1st quarter. Haverford Trust Co. now owns 12,079 shares of the financial services provider’s stock worth $1,908,000 after purchasing an additional 180 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of Chubb by 70.2% during the 1st quarter. Cresset Asset Management LLC now owns 9,601 shares of the financial services provider’s stock worth $1,523,000 after purchasing an additional 3,961 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Chubb by 2.0% during the 1st quarter. Geode Capital Management LLC now owns 7,090,606 shares of the financial services provider’s stock worth $1,117,020,000 after purchasing an additional 139,461 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

In related news, EVP Timothy Alan Boroughs sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 23rd. The shares were sold at an average price of $186.61, for a total transaction of $5,598,300.00. Following the transaction, the executive vice president now owns 144,197 shares of the company’s stock, valued at $26,908,602.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael G. Atieh sold 2,944 shares of the firm’s stock in a transaction that occurred on Wednesday, August 18th. The shares were sold at an average price of $186.20, for a total transaction of $548,172.80. Following the transaction, the director now directly owns 37,556 shares in the company, valued at approximately $6,992,927.20. The disclosure for this sale can be found here. Insiders sold 59,188 shares of company stock valued at $10,920,772 over the last three months. 0.41% of the stock is owned by insiders.

Shares of CB opened at $182.24 on Thursday. Chubb Limited has a one year low of $116.50 and a one year high of $187.90. The company has a 50-day moving average of $180.65 and a two-hundred day moving average of $170.78. The stock has a market cap of $79.96 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 1.45 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.32 and a quick ratio of 0.32.

Chubb (NYSE:CB) last announced its earnings results on Monday, July 26th. The financial services provider reported $3.62 EPS for the quarter, topping the consensus estimate of $3.01 by $0.61. Chubb had a net margin of 20.42% and a return on equity of 8.70%. The company had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $8.35 billion. During the same period last year, the company posted ($0.56) earnings per share. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. Analysts anticipate that Chubb Limited will post 12.42 earnings per share for the current year.

Chubb declared that its Board of Directors has approved a stock repurchase plan on Monday, July 19th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 6.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, October 8th. Stockholders of record on Friday, September 17th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Thursday, September 16th. Chubb’s dividend payout ratio (DPR) is 43.78%.

Several research firms have recently weighed in on CB. Royal Bank of Canada increased their price target on shares of Chubb from $184.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, July 29th. lifted their price target on shares of Chubb from $187.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, June 21st. Wolfe Research initiated coverage on shares of Chubb in a research report on Monday, August 16th. They set an “outperform” rating and a $231.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Chubb from $142.00 to $170.00 and gave the company a “buy” rating in a report on Monday, July 12th. Finally, JMP Securities boosted their price objective on shares of Chubb from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chubb presently has an average rating of “Buy” and a consensus target price of $180.56.

Chubb Profile

Chubb Ltd. is a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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