Amplius Wealth Advisors LLC Has $17.31 Million Stake in Chubb Limited (NYSE:CB)

Amplius Wealth Advisors LLC grew its position in Chubb Limited (NYSE:CB) by 4.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,029 shares of the financial services provider’s stock after buying an additional 2,504 shares during the quarter. Chubb accounts for about 1.9% of Amplius Wealth Advisors LLC’s portfolio, making the stock its 16th largest holding. Amplius Wealth Advisors LLC’s holdings in Chubb were worth $17,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors boosted its stake in Chubb by 44.4% in the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after buying an additional 2,064,730 shares in the last quarter. Capital World Investors lifted its holdings in shares of Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after acquiring an additional 685,677 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after purchasing an additional 457,881 shares in the last quarter. Troy Asset Management Ltd bought a new stake in shares of Chubb during the 2nd quarter valued at approximately $106,975,000. Finally, Van Lanschot Kempen Investment Management N.V. acquired a new position in Chubb during the 2nd quarter worth approximately $93,411,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $293.10 on Thursday. The stock has a market capitalization of $119.02 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $283.51 and its two-hundred day simple moving average is $267.37. Chubb Limited has a 12 month low of $205.64 and a 12 month high of $294.18.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.92 earnings per share. As a group, analysts predict that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were paid a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.24%. Chubb’s dividend payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. William Blair lowered Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. JPMorgan Chase & Co. increased their target price on Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Bank of America lifted their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group upped their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average price target of $282.37.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 in the last quarter. Company insiders own 0.86% of the company’s stock.

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.