Chubb Limited (NYSE:CB) Shares Bought by AE Wealth Management LLC

Posted by Defense World Staff on Apr 18th, 2023

AE Wealth Management LLC grew its holdings in shares of Chubb Limited (NYSE:CB – Get Rating) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,923 shares of the financial services provider’s stock after purchasing an additional 438 shares during the period. AE Wealth Management LLC’s holdings in Chubb were worth $4,836,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Legend Financial Advisors Inc. boosted its stake in shares of Chubb by 142.3% during the 4th quarter. Legend Financial Advisors Inc. now owns 189 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 111 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in Chubb in the 4th quarter valued at approximately $43,000. Fiduciary Alliance LLC purchased a new stake in Chubb in the 4th quarter valued at approximately $43,000. Arlington Partners LLC purchased a new stake in Chubb in the 4th quarter valued at approximately $44,000. Finally, FNY Investment Advisers LLC lifted its stake in Chubb by 144.2% in the 3rd quarter. FNY Investment Advisers LLC now owns 254 shares of the financial services provider’s stock valued at $46,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 87.12% of the company’s stock.

Insider Buying and Selling

In other Chubb news, Director Theodore Shasta sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $189.73, for a total value of $189,730.00. Following the transaction, the director now directly owns 14,488 shares of the company’s stock, valued at $2,748,808.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chubb news, COO John W. Keogh sold 23,871 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $212.18, for a total value of $5,064,948.78. Following the transaction, the chief operating officer now directly owns 272,062 shares of the company’s stock, valued at $57,726,115.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodore Shasta sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $189.73, for a total value of $189,730.00. Following the completion of the transaction, the director now directly owns 14,488 shares in the company, valued at $2,748,808.24. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CB. Citigroup reduced their target price on Chubb from $236.00 to $229.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 8th. Roth Capital reaffirmed a “buy” rating on shares of Chubb in a research note on Wednesday, February 1st. Piper Sandler upped their target price on Chubb from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, April 4th. BMO Capital Markets assumed coverage on Chubb in a research note on Thursday, January 19th. They issued a “market perform” rating and a $225.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $239.00 to $241.00 and gave the company an “overweight” rating in a report on Friday, March 31st. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chubb has an average rating of “Moderate Buy” and a consensus target price of $243.23.

Chubb Trading Up 1.2 %

Shares of CB opened at $198.21 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $82.09 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 1.12 and a beta of 0.64. The stock’s fifty day simple moving average is $201.52 and its 200 day simple moving average is $208.21. Chubb Limited has a twelve month low of $173.78 and a twelve month high of $231.37.

Chubb (NYSE:CB – Get Rating) last issued its earnings results on Wednesday, February 1st. The financial services provider reported $4.05 earnings per share for the quarter, missing the consensus estimate of $4.22 by ($0.17). The firm had revenue of $11.43 billion during the quarter, compared to analysts’ expectations of $11.58 billion. Chubb had a return on equity of 12.51% and a net margin of 12.35%. During the same period last year, the business posted $3.81 earnings per share. On average, equities research analysts forecast that Chubb Limited will post 17.44 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 10th. Investors of record on Friday, March 17th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Thursday, March 16th. Chubb’s dividend payout ratio (DPR) is currently 26.52%.

Chubb Profile

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Chubb Ltd. operates as a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.