Evexia Wealth LLC Increases Stock Position in Chubb Limited (NYSE:CB)

Evexia Wealth LLC boosted its stake in Chubb Limited (NYSE:CB - Free Report) by 10.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,767 shares of the financial services provider's stock after buying an additional 2,976 shares during the quarter. Chubb makes up 3.0% of Evexia Wealth LLC's investment portfolio, making the stock its 15th largest holding. Evexia Wealth LLC's holdings in Chubb were worth $8,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of CB. Capital Research Global Investors grew its position in shares of Chubb by 44.4% during the 1st 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 acquiring an additional 2,064,730 shares during the period. Capital World Investors grew its holdings in Chubb by 6.6% during the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider's stock valued at $2,849,677,000 after purchasing an additional 685,677 shares during the period. Confluence Investment Management LLC bought a new position in Chubb during the first quarter valued at $165,932,000. Lazard Asset Management LLC increased its position in Chubb by 14.8% in the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider's stock worth $918,294,000 after buying an additional 457,881 shares during the last quarter. Finally, Troy Asset Management Ltd bought a new stake in shares of Chubb in the second quarter valued at $106,975,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

Shares of Chubb stock traded up $2.13 on Friday, hitting $286.83. 798,974 shares of the company traded hands, compared to its average volume of 1,625,146. Chubb Limited has a 12-month low of $205.64 and a 12-month high of $294.18. 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 company has a market cap of $116.47 billion, a P/E ratio of 12.73, a P/E/G ratio of 5.87 and a beta of 0.66. The firm's 50-day simple moving average is $282.13 and its 200 day simple moving average is $266.65.

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

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. Chubb's dividend payout ratio is currently 16.16%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Morgan Stanley lowered their price objective on Chubb from $260.00 to $259.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 10th. Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the company an "underperform" rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $290.00 to $291.00 and gave the stock a "neutral" rating in a report on Thursday. William Blair cut shares of Chubb from a "market perform" rating to an "underperform" rating in a report on Friday, June 28th. Finally, Jefferies Financial Group increased their target price on Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chubb has an average rating of "Hold" and a consensus price target of $282.37.

Insider Activity at Chubb

In related news, Director Michael G. Atieh sold 261 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now directly owns 39,172 shares of the company's stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm's stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now owns 39,172 shares in the company, valued at $11,261,558.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 in the last three months. 0.86% of the stock is owned by insiders.

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.