Compass Wealth Management LLC Has $4.48 Million Position in Chubb Limited (NYSE:CB)

Compass Wealth Management LLC grew its stake in Chubb Limited (NYSE:CB - Free Report) by 34.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,518 shares of the financial services provider's stock after acquiring an additional 4,016 shares during the period. Compass Wealth Management LLC's holdings in Chubb were worth $4,475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CB. Good Life Advisors LLC grew its position in shares of Chubb by 120.5% during the 3rd quarter. Good Life Advisors LLC now owns 4,124 shares of the financial services provider's stock worth $1,190,000 after buying an additional 2,254 shares during the period. ZWJ Investment Counsel Inc. grew its position in shares of Chubb by 0.3% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 177,083 shares of the financial services provider's stock worth $51,069,000 after buying an additional 522 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Chubb by 42.8% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,004 shares of the financial services provider's stock worth $1,155,000 after buying an additional 1,200 shares during the period. Firethorn Wealth Partners LLC grew its holdings in Chubb by 3.6% during the third quarter. Firethorn Wealth Partners LLC now owns 1,343 shares of the financial services provider's stock valued at $387,000 after purchasing an additional 47 shares during the period. Finally, Amplius Wealth Advisors LLC grew its holdings in Chubb by 4.4% during the third quarter. Amplius Wealth Advisors LLC now owns 60,029 shares of the financial services provider's stock valued at $17,312,000 after purchasing an additional 2,504 shares during the period. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Chubb from $255.00 to $269.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. Royal Bank of Canada boosted their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Morgan Stanley reduced their price target on shares of Chubb from $260.00 to $259.00 and set an "equal weight" rating for the company in a report on Wednesday, July 10th. Piper Sandler upped their price target on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Finally, Jefferies Financial Group upped their price target on shares of Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Two 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has an average rating of "Hold" and a consensus target price of $282.37.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Evan G. Greenberg sold 30,318 shares of the 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 transaction, the chief executive officer now owns 553,664 shares of the company's stock, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares of the company's stock, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company's stock.

Chubb Stock Performance

Shares of NYSE:CB traded up $8.80 on Thursday, hitting $301.90. The company had a trading volume of 2,130,798 shares, compared to its average volume of 1,618,254. Chubb Limited has a 1-year low of $205.64 and a 1-year high of $302.05. The stock has a market cap of $122.59 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 5.87 and a beta of 0.66. The stock has a 50 day moving average price of $283.51 and a 200 day moving average price of $267.37. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20.

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

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.21%. Chubb's dividend payout ratio (DPR) is presently 16.16%.

Chubb Company 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.