Moran Wealth Management LLC Takes Position in Chubb Limited $CB

Moran Wealth Management LLC purchased a new position in shares of Chubb Limited (NYSE:CB) in the third quarter, HoldingsChannel.com reports. The firm purchased 1,788 shares of the financial services provider’s stock, valued at approximately $505,000.

A number of other institutional investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its stake in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares during the period. VSM Wealth Advisory LLC acquired a new position in Chubb in the 2nd quarter valued at about $32,000. Heartwood Wealth Advisors LLC purchased a new stake in Chubb during the 3rd quarter valued at approximately $34,000. Maseco LLP purchased a new stake in Chubb during the 2nd quarter valued at approximately $35,000. Finally, Financial Consulate Inc. acquired a new stake in Chubb during the 3rd quarter worth approximately $37,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 850 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the transaction, the executive vice president directly owned 1,585 shares of the company’s stock, valued at $467,876.15. This trade represents a 34.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president owned 60,593 shares in the company, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 57,333 shares of company stock worth $16,629,873. Company insiders own 0.77% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $306.75 on Friday. The company has a market cap of $120.72 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 3.21 and a beta of 0.51. Chubb Limited has a one year low of $252.16 and a one year high of $316.94. The business has a fifty day moving average of $301.38 and a two-hundred day moving average of $285.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last announced 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. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter last year, the firm posted $5.72 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio (DPR) is 16.19%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, October 22nd. Wolfe Research boosted their price objective on shares of Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Cantor Fitzgerald restated a “neutral” rating on shares of Chubb in a research report on Wednesday, December 10th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Finally, UBS Group boosted their price target on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $318.00.

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.