Sanctuary Advisors LLC Grows Stock Holdings in Chubb Limited (NYSE:CB)

Sanctuary Advisors LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,021 shares of the financial services provider’s stock after acquiring an additional 6,802 shares during the period. Sanctuary Advisors LLC’s holdings in Chubb were worth $23,393,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CB. AdvisorNet Financial Inc grew its position in Chubb by 24.5% during the second quarter. AdvisorNet Financial Inc now owns 1,033 shares of the financial services provider’s stock worth $264,000 after buying an additional 203 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in Chubb in the second quarter worth $37,000. Blue Trust Inc. boosted its holdings in Chubb by 35.8% during the 2nd quarter. Blue Trust Inc. now owns 2,908 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 766 shares during the period. Brookstone Capital Management grew its holdings in shares of Chubb by 17.7% in the second quarter. Brookstone Capital Management now owns 1,009 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 152 shares during the last quarter. Finally, Saxon Interests Inc. grew its holdings in Chubb by 3.1% in the 2nd quarter. Saxon Interests Inc. now owns 4,630 shares of the financial services provider’s stock worth $1,181,000 after acquiring an additional 141 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Trading Down 0.3 %

Shares of CB stock opened at $275.28 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05. The stock has a market capitalization of $110.96 billion, a P/E ratio of 11.27, a P/E/G ratio of 6.59 and a beta of 0.67. The firm’s 50 day moving average is $285.74 and its 200 day moving average is $276.64.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $4.95 EPS. Research analysts expect that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, December 13th. Chubb’s payout ratio is currently 14.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CB shares. Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JMP Securities lifted their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Piper Sandler lifted their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Finally, Evercore ISI increased their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $287.37.

Chubb 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.