Earned Wealth Advisors LLC Acquires 117 Shares of Chubb Limited $CB

Earned Wealth Advisors LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 11.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,183 shares of the financial services provider’s stock after purchasing an additional 117 shares during the quarter. Earned Wealth Advisors LLC’s holdings in Chubb were worth $343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. GQG Partners LLC boosted its position in Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Nuveen LLC bought a new position in Chubb during the first quarter worth about $562,221,000. Ameriprise Financial Inc. boosted its position in Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares during the period. Citigroup Inc. boosted its stake in Chubb by 79.0% in the 1st quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after purchasing an additional 278,697 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Chubb by 19.6% in the 1st quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock worth $423,826,000 after purchasing an additional 231,404 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CB shares. Jefferies Financial Group raised their target price on Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Bank of America raised their target price on Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. UBS Group raised their target price on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research note on Monday. Hsbc Global Res downgraded Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Citigroup raised their target price on Chubb from $326.00 to $331.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. One equities 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $307.79.

Insider Activity

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

Chubb Stock Performance

Shares of CB opened at $277.13 on Friday. The company has a market cap of $109.07 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $277.80 and a 200-day moving average price of $280.67. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $5.72 EPS. As a group, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a dividend of $0.97 per share. 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 16.19%.

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.