1,642 Shares in Chubb Limited (NYSE:CB) Bought by Rockport Wealth LLC

Rockport Wealth LLC bought a new position in Chubb Limited (NYSE:CB) during the first quarter, according to its most recent filing with the SEC. The firm bought 1,642 shares of the financial services provider’s stock, valued at approximately $425,000.

A number of other large investors also recently modified their holdings of CB. Bard Financial Services Inc. raised its position in Chubb by 3.7% in the 1st quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock valued at $293,000 after buying an additional 40 shares during the last quarter. Rossmore Private Capital raised its position in Chubb by 1.6% in the 4th quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after buying an additional 41 shares during the last quarter. Equitable Trust Co. raised its position in Chubb by 1.4% in the 1st quarter. Equitable Trust Co. now owns 2,986 shares of the financial services provider’s stock valued at $774,000 after buying an additional 41 shares during the last quarter. MCF Advisors LLC raised its position in Chubb by 4.2% in the 4th quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $237,000 after buying an additional 42 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its position in Chubb by 11.1% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 422 shares of the financial services provider’s stock valued at $109,000 after buying an additional 42 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Morgan Stanley lowered their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. raised their target price on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. William Blair lowered Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Piper Sandler reaffirmed an “overweight” rating and set a $282.00 target price on shares of Chubb in a research report on Monday, April 1st. Finally, StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $267.65.

Chubb Price Performance

NYSE CB traded up $1.24 during trading hours on Tuesday, hitting $263.25. The company had a trading volume of 1,292,938 shares, compared to its average volume of 1,650,692. Chubb Limited has a 52 week low of $195.36 and a 52 week high of $275.41. The firm has a 50 day simple moving average of $261.84 and a 200 day simple moving average of $252.75. 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 firm has a market capitalization of $106.90 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 6.09 and a beta of 0.66.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter last year, the company earned $4.41 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. Equities research analysts expect that Chubb Limited will post 20.93 earnings per share for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.64 annualized dividend and a yield of 1.38%. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Juan Luis Ortega sold 2,400 shares of Chubb stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 in the last quarter. 0.86% of the stock is owned by company insiders.

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.