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Advisors Capital Management LLC increased its stake in Chubb Limited (NYSE:CB) by 5.3% during the fourth quarter, according to the firm’s most recent SEC disclosure. The institutional investor held 90,277 shares after adding 4,531 shares in the period. The stake was valued at $28,177,000 as of the latest filing.
Brokerage research on Chubb remains mixed. UBS reiterated a “neutral” rating with a $340.00 price objective. JPMorgan raised its price target from $330.00 to $340.00 and kept a “neutral” rating. Roth Mkm increased its target from $330.00 to $360.00 and maintained a “buy” rating. Morgan Stanley set a $350.00 target. Weiss Ratings reissued a “buy (b+)” rating.
Overall, one analyst rates the stock as Strong Buy, nine rate it Buy, eleven rate it Hold, and one rates it Sell. MarketBeat data cited in the article shows a consensus rating of “Hold” and a consensus price target of $349.33.
Chubb shares opened at $326.05 on Friday. The article cites a 50-day simple moving average of $329.16 and a 200-day simple moving average of $309.95. Chubb’s market capitalization was listed at $127.23 billion, with a P/E ratio of 11.51, a price-to-earnings-growth ratio of 1.69, and a beta of 0.49.
Additional figures provided include a 1-year range of $264.10 to $345.67. The company’s debt-to-equity ratio was reported at 0.20, with a current ratio of 0.34 and a quick ratio of 0.27.
Chubb last reported quarterly earnings on Tuesday, April 21. The company posted earnings of $6.82 per share, beating analysts’ consensus estimates of $6.58 by $0.24. Revenue was reported at $14.93 billion, compared with analyst estimates of $13.51 billion.
The article also lists a net margin of 18.58% and a return on equity of 14.30%. For the same quarter a year earlier, Chubb earned $3.68 EPS. Analysts, on average, forecast 26.64 EPS for the current year, according to the article.
Chubb declared a quarterly dividend paid on Monday, April 6. Shareholders of record on Friday, March 13 received $0.97 per share. The ex-dividend date was Friday, March 13. The article states this equates to a $3.88 annualized dividend and a 1.2% yield, with a dividend payout ratio (DPR) of 13.70%.
The article reports that CEO Evan G. Greenberg sold 15,060 shares on Thursday, February 5 at an average price of $331.47, for proceeds of $4,991,938.20. After the sale, Greenberg owned 511,576 shares, valued at approximately $169,572,096.72, representing a 2.86% decrease in his position.
It also notes that EVP Timothy Alan Boroughs sold 27,817 shares on Friday, February 6 at an average price of $331.98, totaling $9,234,687.66. Following the transaction, Boroughs owned 11,810 shares valued at approximately $3,920,683.80, a 70.20% decrease in his position. The article adds that, in the last 90 days, insiders sold 44,877 shares worth $14,885,226, and that insiders collectively own 0.37% of the stock.
Chubb is a global property and casualty insurance company underwriting commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto, and valuables protection.
Beyond underwriting, Chubb provides risk engineering, loss control, claims management, and risk consulting services designed to reduce loss severity and help clients manage exposures.
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