Larson Financial Group LLC Grows Stake in Chubb Limited (NYSE:CB)

Larson Financial Group LLC grew its holdings in Chubb Limited (NYSE:CB) by 146.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 565 shares of the financial services provider’s stock after buying an additional 336 shares during the quarter. Larson Financial Group LLC’s holdings in Chubb were worth $163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC bought a new position in shares of Chubb in the 2nd quarter worth approximately $963,000. Moloney Securities Asset Management LLC raised its position in shares of Chubb by 97.9% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after acquiring an additional 1,905 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Chubb by 21.2% in the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after acquiring an additional 2,250 shares in the last quarter. Savvy Advisors Inc. bought a new position in Chubb during the 3rd quarter valued at approximately $721,000. Finally, Raymond James & Associates increased its position in Chubb by 2.9% during the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock valued at $778,270,000 after buying an additional 87,059 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Piper Sandler raised their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Finally, Keefe, Bruyette & Woods raised their price objective on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target of $287.37.

Chubb Stock Up 0.6 %

Chubb stock opened at $290.34 on Friday. The stock has a market cap of $117.04 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 6.68 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a one year low of $216.90 and a one year high of $302.05. The stock has a fifty day moving average of $287.34 and a 200 day moving average of $275.26.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.95 earnings per share. As a group, sell-side analysts predict that Chubb Limited will post 21.77 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio is presently 14.91%.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. This represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,715 shares of company stock valued at $23,803,540. Company 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.