Venture Visionary Partners LLC Purchases 1,057 Shares of Chubb Limited (NYSE:CB)

Venture Visionary Partners LLC raised its holdings in Chubb Limited (NYSE:CB) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,481 shares of the financial services provider’s stock after purchasing an additional 1,057 shares during the quarter. Venture Visionary Partners LLC’s holdings in Chubb were worth $6,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Chubb by 56.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 10,182 shares of the financial services provider’s stock valued at $2,936,000 after purchasing an additional 3,677 shares during the period. Whittier Trust Co. increased its holdings in shares of Chubb by 1.1% in the 3rd quarter. Whittier Trust Co. now owns 17,590 shares of the financial services provider’s stock worth $5,073,000 after buying an additional 194 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Chubb during the 3rd quarter valued at $51,000. Wealth Effects LLC grew its position in Chubb by 3.0% in the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 40 shares in the last quarter. Finally, Wealth Advisory Solutions LLC purchased a new stake in Chubb during the third quarter valued at about $2,751,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

CB stock traded down $3.81 on Monday, hitting $297.85. The company’s stock had a trading volume of 1,054,413 shares, compared to its average volume of 1,615,908. 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 $120.95 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The firm has a 50 day moving average of $284.79 and a two-hundred day moving average of $268.09. 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) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. The company 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 for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $4.92 EPS. Equities analysts predict that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Analyst Upgrades and Downgrades

Several research firms have commented on CB. Piper Sandler lifted their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Barclays began coverage on shares of Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. Wells Fargo & Company upped their price objective on shares of Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $282.37.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company’s stock.

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.