Evexia Wealth LLC Has $5.97 Million Holdings in Chubb Limited (NYSE:CB)

Evexia Wealth LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,193 shares of the financial services provider’s stock after buying an additional 631 shares during the quarter. Chubb comprises approximately 2.5% of Evexia Wealth LLC’s investment portfolio, making the stock its 18th largest holding. Evexia Wealth LLC’s holdings in Chubb were worth $5,968,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ZRC Wealth Management LLC acquired a new stake in Chubb in the fourth quarter valued at approximately $29,000. EdgeRock Capital LLC bought a new position in shares of Chubb in the fourth quarter valued at $35,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb during the fourth quarter valued at about $32,000. Naples Money Management LLC bought a new stake in shares of Chubb during the fourth quarter worth about $34,000. Finally, Bell Investment Advisors Inc raised its holdings in shares of Chubb by 39.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CB. Morgan Stanley boosted their price objective on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Raymond James raised their price objective on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Royal Bank of Canada reduced their target price on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Keefe, Bruyette & Woods dropped their price target on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, UBS Group upped their price objective on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $266.74.

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the transaction, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph F. Wayland sold 26,946 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the completion of the transaction, the executive vice president now owns 95,252 shares in the company, valued at $24,481,669.04. The disclosure for this sale can be found here. Insiders sold a total of 108,863 shares of company stock worth $28,007,307 in the last quarter. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

Chubb stock traded down $0.10 during midday trading on Tuesday, reaching $251.95. The stock had a trading volume of 1,212,354 shares, compared to its average volume of 1,726,294. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $102.31 billion, a PE ratio of 11.18, a P/E/G ratio of 1.17 and a beta of 0.63. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The firm’s 50-day moving average price is $251.85 and its 200 day moving average price is $237.76.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same period in the prior year, the company posted $4.41 EPS. Chubb’s revenue was up 14.1% compared to the same quarter last year. As a group, research analysts predict that Chubb Limited will post 21.18 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.37%. Chubb’s dividend payout ratio (DPR) is 15.27%.

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.