Chubb Limited (NYSE:CB) Shares Purchased by Kingsview Wealth Management LLC

26 Nov 2024, 09:56 by Mitch Edgeman · The Markets Daily

Kingsview Wealth Management LLC grew its holdings in shares of Chubb Limited (NYSE:CB – Free Report) by 12.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,043 shares of the financial services provider’s stock after acquiring an additional 686 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Chubb were worth $1,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pathway Financial Advisers LLC acquired a new stake in Chubb in the first quarter worth about $25,000. Beacon Capital Management LLC raised its position in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of Chubb during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb in the 2nd quarter worth approximately $28,000. Finally, Kozak & Associates Inc. bought a new position in shares of Chubb in the third quarter valued at approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction that occurred on 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 in the company, valued at $11,261,558.28. This represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Bank of America upped their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Barclays started coverage on Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley boosted their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Two 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 company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $287.37.

Check Out Our Latest Research Report on Chubb

Chubb Price Performance

Shares of CB opened at $286.41 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $115.45 billion, a PE ratio of 11.73, a PEG ratio of 6.65 and a beta of 0.67. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05. The firm’s 50 day moving average price is $287.37 and its 200 day moving average price is $274.81.

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

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s payout ratio is 14.91%.

Chubb Profile

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