Apollon Wealth Management LLC Boosts Stake in Chubb Limited (NYSE:CB)

Apollon Wealth Management LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 26.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,092 shares of the financial services provider’s stock after purchasing an additional 3,936 shares during the period. Apollon Wealth Management LLC’s holdings in Chubb were worth $4,315,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. ZRC Wealth Management LLC bought a new position in Chubb in the 4th quarter worth $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb during the fourth quarter worth about $32,000. Naples Money Management LLC bought a new stake in Chubb during the 4th quarter valued at approximately $34,000. Bell Investment Advisors Inc boosted its stake in Chubb by 39.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 59 shares during the period. Finally, Addison Advisors LLC grew its holdings in Chubb by 87.0% during the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock valued at $49,000 after buying an additional 100 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 1.4 %

Chubb stock traded up $3.51 during midday trading on Monday, hitting $252.05. 756,406 shares of the company’s stock were exchanged, compared to its average volume of 1,732,073. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $102.35 billion, a PE ratio of 11.19, a P/E/G ratio of 1.17 and a beta of 0.63. The firm has a 50-day moving average of $251.90 and a two-hundred day moving average of $237.45. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $4.41 earnings per share. As a group, analysts expect that Chubb Limited will post 21.18 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.36%. Chubb’s dividend payout ratio (DPR) is presently 15.27%.

Analyst Ratings Changes

Several equities analysts recently weighed in on CB shares. Evercore ISI lifted their price target on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Citigroup reissued a “neutral” rating and set a $275.00 price target (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. The Goldman Sachs Group lifted their price objective on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. increased their target price on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada reduced their price objective on Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.89.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,863 shares of company stock worth $28,007,307. 0.86% of the stock is owned by corporate insiders.

Chubb Company Profile

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.