M Holdings Securities Inc. Purchases New Shares in Chubb Limited $CB

M Holdings Securities Inc. purchased a new stake in shares of Chubb Limited (NYSE:CB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,760 shares of the financial services provider’s stock, valued at approximately $898,000.

A number of other large investors have also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. purchased a new stake in Chubb in the second quarter valued at $25,000. Dunhill Financial LLC acquired a new position in shares of Chubb in the 2nd quarter valued at $25,000. Parvin Asset Management LLC acquired a new position in shares of Chubb in the 2nd quarter valued at $26,000. Highland Investment Advisors LLC purchased a new position in shares of Chubb during the 2nd quarter worth $26,000. Finally, Frazier Financial Advisors LLC grew its holdings in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Boroughs sold 13,596 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $356.77, for a total transaction of $4,850,644.92. Following the completion of the transaction, the executive vice president directly owned 5,588 shares of the company’s stock, valued at approximately $1,993,630.76. The trade was a 70.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,985 shares of company stock worth $11,748,463 over the last three months. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on CB shares. Piper Sandler raised their price objective on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. UBS Group reaffirmed a “neutral” rating and issued a $380.00 target price on shares of Chubb in a research report on Monday, October 26th. Citigroup reaffirmed a “buy” rating and set a $405.00 target price (up from $395.00) on shares of Chubb in a research note on Wednesday, October 21st. Wells Fargo & Company lifted their price target on shares of Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a research note on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $362.78.

Chubb Trading Up 1.6%

CB opened at $369.34 on Wednesday. Chubb Limited has a 52 week low of $288.39 and a 52 week high of $384.26. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $347.10 and a 200-day simple moving average of $336.14. The firm has a market cap of $141.12 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.68 and a beta of 0.29.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.89. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The firm had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.66 billion. During the same quarter in the previous year, the business earned $7.49 EPS. On average, equities analysts expect that Chubb Limited will post 28.89 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s payout ratio is currently 14.28%.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.