Everpar Advisors LLC Makes New Investment in Chubb Limited (NYSE:CB)

Everpar Advisors LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 864 shares of the financial services provider’s stock, valued at approximately $220,000.

Other large investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC acquired a new stake in Chubb during the 1st quarter valued at approximately $25,000. Ables Iannone Moore & Associates Inc. bought a new position in Chubb during the fourth quarter worth $29,000. Wellington Shields Capital Management LLC bought a new position in Chubb during the first quarter worth $29,000. Tennessee Valley Asset Management Partners bought a new position in Chubb during the fourth quarter worth $32,000. Finally, Northwest Financial Advisors acquired a new position in Chubb in the fourth quarter valued at $33,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity

In other Chubb news, EVP Juan Luis Ortega sold 2,400 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of CB traded up $0.77 during mid-day trading on Friday, hitting $273.41. The stock had a trading volume of 1,077,087 shares, compared to its average volume of 1,639,168. Chubb Limited has a 52 week low of $198.10 and a 52 week high of $277.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.29. The business has a fifty day moving average price of $263.72 and a 200-day moving average price of $257.39. The firm has a market cap of $111.02 billion, a P/E ratio of 12.14, a PEG ratio of 5.21 and a beta of 0.66.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. The firm had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $4.92 earnings per share. On average, equities research analysts expect that Chubb Limited will post 21.15 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CB shares. Keefe, Bruyette & Woods increased their price target on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Royal Bank of Canada increased their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Roth Mkm raised their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Morgan Stanley cut their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average target price of $270.79.

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.