Compass Wealth Management LLC Buys 4,016 Shares of Chubb Limited (NYSE:CB)

Compass Wealth Management LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 34.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,518 shares of the financial services provider’s stock after purchasing an additional 4,016 shares during the period. Compass Wealth Management LLC’s holdings in Chubb were worth $4,475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CB. Scarborough Advisors LLC bought a new position in Chubb during the 4th quarter valued at approximately $34,000. Fisher Asset Management LLC grew its holdings in shares of Chubb by 7.3% during the 4th quarter. Fisher Asset Management LLC now owns 5,100 shares of the financial services provider’s stock worth $1,153,000 after acquiring an additional 346 shares during the period. SageView Advisory Group LLC purchased a new position in shares of Chubb during the 4th quarter worth approximately $455,000. Nomura Holdings Inc. grew its holdings in shares of Chubb by 234.3% during the 4th quarter. Nomura Holdings Inc. now owns 8,228 shares of the financial services provider’s stock worth $1,860,000 after acquiring an additional 5,767 shares during the period. Finally, CWM LLC grew its holdings in shares of Chubb by 12.0% during the 1st quarter. CWM LLC now owns 11,060 shares of the financial services provider’s stock worth $2,866,000 after acquiring an additional 1,188 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of NYSE CB traded up $6.78 during midday trading on Thursday, hitting $299.88. 945,934 shares of the stock traded hands, compared to its average volume of 1,612,055. The firm has a 50-day moving average of $283.51 and a two-hundred day moving average of $267.37. The firm has a market capitalization of $121.77 billion, a P/E ratio of 13.01, a PEG ratio of 5.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Limited has a one year low of $205.64 and a one year high of $301.89.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping 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 company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same period last year, the firm earned $4.92 EPS. Chubb’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts forecast that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.21%. Chubb’s payout ratio is presently 16.16%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CB. Bank of America upped their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Piper Sandler upped their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. JPMorgan Chase & Co. upped their target price on Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Barclays began coverage on Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Finally, Morgan Stanley cut their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $282.37.

Insider Activity

In other news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. 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 at the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The trade was 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 worth $24,874,208 over the last 90 days. Corporate insiders own 0.86% of the company’s stock.

About Chubb

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.