Premier Path Wealth Partners LLC Purchases 227 Shares of Chubb Limited $CB

Premier Path Wealth Partners LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,415 shares of the financial services provider’s stock after acquiring an additional 227 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Chubb were worth $989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. North Capital Inc. acquired a new stake in shares of Chubb in the 1st quarter valued at approximately $26,000. IMA Advisory Services Inc. acquired a new stake in Chubb during the 1st quarter worth approximately $31,000. 1248 Management LLC acquired a new stake in Chubb during the 1st quarter worth approximately $31,000. WPG Advisers LLC acquired a new stake in Chubb during the 1st quarter worth approximately $33,000. Finally, Maseco LLP acquired a new stake in Chubb during the 2nd quarter worth approximately $35,000. 83.81% of the stock is owned by institutional investors.

Insider Activity

In other news, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.77% of the company’s stock.

Chubb Trading Down 0.0%

CB stock opened at $277.92 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. The company has a fifty day moving average price of $277.81 and a two-hundred day moving average price of $280.75. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The stock has a market cap of $109.38 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the previous year, the business posted $5.72 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given 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 of this dividend was Friday, September 12th. Chubb’s payout ratio is presently 16.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CB shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $300.00 price objective on shares of Chubb in a report on Monday. Evercore ISI lifted their price objective on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Wolfe Research lifted their price objective on shares of Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $307.79.

Chubb 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.