Spire Wealth Management Has $595,000 Stock Position in Chubb Limited (NYSE:CB)

Spire Wealth Management trimmed its position in Chubb Limited (NYSE:CB) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,507 shares of the financial services provider’s stock after selling 90 shares during the quarter. Spire Wealth Management’s holdings in Chubb were worth $595,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Americana Partners LLC acquired a new position in shares of Chubb in the third quarter valued at approximately $292,000. Lazard Asset Management LLC grew its holdings in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after buying an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd increased its position in Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after buying an additional 324,019 shares during the period. Graypoint LLC lifted its holdings in shares of Chubb by 1,275.7% during the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after buying an additional 29,302 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new position in shares of Chubb in the fourth quarter valued at about $1,403,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were 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 approximately $71,596,589.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Insiders sold 143,570 shares of company stock valued at $36,752,777 over the last quarter. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CB. Raymond James increased their target price on shares of Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. BMO Capital Markets lifted their price objective on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Evercore ISI increased their target price on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. raised their price target on Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Ten equities 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $266.74.

Chubb Trading Up 1.0 %

Shares of NYSE CB opened at $254.04 on Friday. The firm has a 50 day moving average price of $251.81 and a two-hundred day moving average price of $237.86. The stock has a market cap of $103.16 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

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

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.27%.

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.