Everest Financial Group LLC Buys Shares of 2,432 Chubb Limited $CB

Everest Financial Group LLC bought a new position in shares of Chubb Limited (NYSE:CB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,432 shares of the financial services provider’s stock, valued at approximately $793,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CB. CBIZ Investment Advisory Services LLC grew its holdings in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Frazier Financial Advisors LLC increased its position in Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares in the last quarter. Merkkuri Wealth Advisors LLC bought a new position in Chubb in the 1st quarter valued at approximately $29,000. Laurel Wealth Advisors LLC bought a new position in Chubb in the 4th quarter valued at approximately $31,000. Finally, Ares Financial Consulting LLC acquired a new stake in Chubb in the fourth quarter valued at approximately $32,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 target price on shares of Chubb in a research note on Wednesday. Morgan Stanley increased their price target on Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Jefferies Financial Group cut their price objective on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. UBS Group raised their price objective on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, Wolfe Research boosted their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $360.09.

Chubb Stock Up 1.8%

NYSE:CB opened at $359.78 on Friday. Chubb Limited has a one year low of $264.10 and a one year high of $365.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.36 and a quick ratio of 0.28. The company has a market cap of $139.55 billion, a PE ratio of 12.73, a P/E/G ratio of 1.80 and a beta of 0.40. The firm’s 50 day simple moving average is $335.55 and its 200 day simple moving average is $327.09.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. The firm had revenue of $16.01 billion during the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $6.14 EPS. On average, research analysts anticipate that Chubb Limited will post 27.15 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $1.02 dividend. The ex-dividend date was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb’s dividend payout ratio (DPR) is currently 14.43%.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 23,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by insiders.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.