Chubb Limited (NYSE:CB) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 110.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 6,932 shares of the financial services provider’s stock after purchasing an additional 3,634 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Chubb were worth $1,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brookstone Capital Management purchased a new stake in shares of Chubb during the fourth quarter worth approximately $207,000. Mutual Advisors LLC grew its holdings in Chubb by 11.2% during the fourth quarter. Mutual Advisors LLC now owns 1,900 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 191 shares during the period. Pacer Advisors Inc. grew its holdings in Chubb by 55.8% during the fourth quarter. Pacer Advisors Inc. now owns 40,715 shares of the financial services provider’s stock worth $9,202,000 after acquiring an additional 14,588 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in Chubb by 9.1% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 7,971 shares of the financial services provider’s stock worth $1,801,000 after acquiring an additional 664 shares during the period. Finally, IFG Advisory LLC grew its holdings in Chubb by 2.5% during the fourth quarter. IFG Advisory LLC now owns 12,492 shares of the financial services provider’s stock worth $2,823,000 after acquiring an additional 301 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JMP Securities upped their price objective on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday. HSBC reissued a “hold” rating and issued a $270.00 target price (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Morgan Stanley lowered their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Keefe, Bruyette & Woods lowered their target price on Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upped their target price on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus target price of $270.05.

Chubb Price Performance

Shares of NYSE CB traded up $8.45 during mid-day trading on Friday, reaching $270.06. The company had a trading volume of 1,653,253 shares, compared to its average volume of 1,399,890. Chubb Limited has a 1-year low of $198.10 and a 1-year high of $275.41. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a market cap of $109.66 billion, a PE ratio of 12.00, a P/E/G ratio of 5.04 and a beta of 0.66. The company has a 50-day moving average price of $262.03 and a two-hundred day moving average price of $253.42.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the previous year, the company posted $4.92 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that Chubb Limited will post 21.03 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were paid a $0.91 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Insider Transactions at Chubb

In other Chubb news, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the transaction, the director now directly owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Chubb news, Director Michael G. Atieh sold 716 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now directly owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Annmarie T. Hagan sold 1,529 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,552 shares of company stock worth $12,149,985. Insiders own 0.86% of the company’s stock.

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.