Chubb Limited $CB Shares Bought by Money Concepts Capital Corp

Money Concepts Capital Corp lifted its stake in Chubb Limited (NYSE:CB) by 155.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,774 shares of the financial services provider’s stock after acquiring an additional 1,686 shares during the period. Money Concepts Capital Corp’s holdings in Chubb were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CB. Harbor Capital Advisors Inc. grew its holdings in 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 acquiring an additional 44 shares during the period. Cedar Mountain Advisors LLC grew its position in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after buying an additional 56 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Chubb during the 2nd quarter worth $32,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Chubb in the 3rd quarter worth $34,000. Finally, Financial Consulate Inc. acquired a new stake in shares of Chubb during the third quarter worth $37,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $296.45, for a total value of $4,854,368.75. Following the sale, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. This trade represents a 18.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the sale, the executive vice president directly owned 1,585 shares in the company, valued at approximately $467,876.15. This trade represents a 34.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 33,635 shares of company stock valued at $9,970,735 in the last ninety days. Company insiders own 0.86% of the company’s stock.

Chubb Trading Up 0.7%

NYSE:CB opened at $313.31 on Wednesday. The firm has a market cap of $123.30 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 2.00 and a beta of 0.49. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $263.14 and a 12 month high of $316.94. The company’s 50 day moving average is $305.41 and its 200-day moving average is $288.11.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the prior year, the company earned $6.02 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio is currently 16.19%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $335.00 to $355.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Mizuho set a $317.00 price target on shares of Chubb in a research note on Wednesday, January 14th. UBS Group lifted their price objective on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $324.00.

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.