Amplius Wealth Advisors LLC Buys 2,504 Shares of Chubb Limited (NYSE:CB)

Amplius Wealth Advisors LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 4.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 60,029 shares of the financial services provider’s stock after acquiring an additional 2,504 shares during the quarter. Chubb accounts for 1.9% of Amplius Wealth Advisors LLC’s portfolio, making the stock its 16th biggest position. Amplius Wealth Advisors LLC’s holdings in Chubb were worth $17,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CB. Transform Wealth LLC increased its stake in Chubb by 1.7% in the 3rd quarter. Transform Wealth LLC now owns 36,036 shares of the financial services provider’s stock valued at $10,424,000 after buying an additional 594 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Chubb by 2.7% in the third quarter. Vontobel Holding Ltd. now owns 20,360 shares of the financial services provider’s stock valued at $5,872,000 after acquiring an additional 534 shares in the last quarter. Leisure Capital Management purchased a new stake in shares of Chubb during the third quarter valued at approximately $202,000. Sumitomo Life Insurance Co. lifted its holdings in Chubb by 2.5% during the third quarter. Sumitomo Life Insurance Co. now owns 6,164 shares of the financial services provider’s stock worth $1,778,000 after acquiring an additional 150 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in Chubb by 8.1% in the third quarter. SeaCrest Wealth Management LLC now owns 2,788 shares of the financial services provider’s stock worth $804,000 after purchasing an additional 208 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In related news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 in the last three months. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $293.10 on Thursday. Chubb Limited has a 52-week low of $205.64 and a 52-week high of $294.18. The business’s fifty day moving average is $283.51 and its 200 day moving average is $267.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $119.02 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $13.04 billion. During the same period in the prior year, the business posted $4.92 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. Research analysts predict that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CB. Morgan Stanley decreased their target price 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. Wells Fargo & Company raised their price objective on shares of Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Barclays assumed coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $282.37.

Chubb Company 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.