Avantax Advisory Services Inc. Boosts Position in Chubb Limited (NYSE:CB)

Avantax Advisory Services Inc. increased its holdings in shares of Chubb Limited (NYSE:CB) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,281 shares of the financial services provider’s stock after purchasing an additional 651 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Chubb were worth $9,782,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its holdings in shares of Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after purchasing an additional 495,860 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Chubb by 19,454.2% in the fourth quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock valued at $1,096,860,000 after purchasing an additional 482,854 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Chubb by 43.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,107,362 shares of the financial services provider’s stock valued at $230,531,000 after purchasing an additional 334,970 shares during the period. Finally, Alphinity Investment Management Pty Ltd increased its holdings in shares of Chubb by 155.8% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after purchasing an additional 324,019 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In other Chubb news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares in the company, valued at approximately $71,596,589.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now owns 284,136 shares in the company, valued at $71,596,589.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,570 shares of company stock worth $36,752,777. 0.86% of the stock is currently owned by corporate insiders.

Chubb Trading Down 0.1 %

Shares of Chubb stock traded down $0.30 during trading hours on Monday, reaching $254.54. The stock had a trading volume of 1,001,868 shares, compared to its average volume of 1,696,779. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The firm has a market capitalization of $103.36 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 1.20 and a beta of 0.63. The firm has a 50 day simple moving average of $251.94 and a two-hundred day simple moving average of $238.65.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same quarter last year, the firm earned $4.41 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.35%. Chubb’s dividend payout ratio (DPR) is currently 15.27%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CB. Citigroup reaffirmed a “neutral” rating and set a $275.00 price objective (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Raymond James upped their price objective on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Piper Sandler reaffirmed an “overweight” rating and set a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. Finally, Evercore ISI upped their target price on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.74.

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.