B. Riley Wealth Advisors Inc. Boosts Stock Holdings in Chubb Limited (NYSE:CB)

B. Riley Wealth Advisors Inc. grew its position in shares of Chubb Limited (NYSE:CB – Get Rating) by 39.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,686 shares of the financial services provider’s stock after acquiring an additional 2,749 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Chubb were worth $1,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CB. Fairfield Bush & CO. purchased a new position in shares of Chubb in the 1st quarter worth about $195,000. Roundview Capital LLC boosted its holdings in shares of Chubb by 2.6% in the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock worth $891,000 after buying an additional 106 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Chubb by 59.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock worth $648,000 after buying an additional 1,134 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Chubb by 18.7% in the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock worth $276,000 after buying an additional 203 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Chubb by 22.0% in the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock worth $33,110,000 after buying an additional 27,926 shares during the last quarter. 87.12% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Down 2.6 %

Shares of CB opened at $186.80 on Friday. The business’s 50-day moving average price is $213.28 and its 200-day moving average price is $207.33. Chubb Limited has a twelve month low of $173.78 and a twelve month high of $231.37. The stock has a market cap of $77.24 billion, a PE ratio of 14.92, a P/E/G ratio of 1.08 and a beta of 0.66. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.28.

Chubb (NYSE:CB – Get Rating) last announced its quarterly earnings results on Wednesday, February 1st. The financial services provider reported $4.05 earnings per share for the quarter, missing the consensus estimate of $4.22 by ($0.17). Chubb had a net margin of 12.35% and a return on equity of 12.51%. The company had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $11.58 billion. During the same quarter in the prior year, the company earned $3.81 earnings per share. On average, equities analysts forecast that Chubb Limited will post 17.4 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Friday, March 17th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, March 16th. Chubb’s dividend payout ratio (DPR) is 26.52%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Atlantic Securities boosted their price target on shares of Chubb from $240.00 to $250.00 in a report on Wednesday, February 22nd. BMO Capital Markets began coverage on Chubb in a research note on Thursday, January 19th. They issued a “market perform” rating and a $225.00 price objective on the stock. Piper Sandler boosted their price objective on Chubb from $225.00 to $230.00 in a research note on Tuesday, January 10th. JPMorgan Chase & Co. upgraded Chubb from a “neutral” rating to an “overweight” rating and set a $239.00 price objective on the stock in a research note on Friday. Finally, Roth Capital restated a “buy” rating on shares of Chubb in a research note on Wednesday, February 1st. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and a consensus price target of $243.92.

Insider Buying and Selling

In related news, COO John W. Keogh sold 23,871 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $212.18, for a total value of $5,064,948.78. Following the transaction, the chief operating officer now directly owns 272,062 shares in the company, valued at $57,726,115.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by company insiders.

Chubb Company Profile

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Chubb Ltd. is a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.