EverSource Wealth Advisors LLC Buys 2,232 Shares of Chubb Limited $CB

EverSource Wealth Advisors LLC grew its position in Chubb Limited (NYSE:CB) by 85.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,841 shares of the financial services provider’s stock after buying an additional 2,232 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Chubb were worth $1,403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CB. Modern Wealth Management LLC lifted its position in shares of Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 143 shares during the period. Assetmark Inc. grew its holdings in Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after acquiring an additional 8,828 shares during the period. Trifecta Capital Advisors LLC raised its position in shares of Chubb by 764.7% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 130 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Chubb by 28.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock worth $16,750,000 after acquiring an additional 12,784 shares in the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Chubb by 633.6% in the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after purchasing an additional 7,065 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 0.2%

NYSE:CB opened at $294.45 on Friday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The firm has a 50-day moving average price of $285.99 and a two-hundred day moving average price of $281.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $115.88 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 3.37 and a beta of 0.51.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.72 earnings per share. On average, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CB shares. Jefferies Financial Group raised their target price on Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Citigroup increased their price target on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $309.00 price target on shares of Chubb in a report on Monday, October 27th. Finally, UBS Group raised their price objective on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $308.32.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction on Monday, November 24th. The stock was sold at an average price of $295.19, for a total transaction of $250,911.50. Following the sale, the executive vice president directly owned 1,585 shares in the company, valued at $467,876.15. The trade was 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 dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, 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. The SEC filing for this sale provides additional information. Insiders sold a total of 57,333 shares of company stock valued at $16,629,873 in the last ninety days. 0.77% of the stock is currently owned by insiders.

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.