Citizens Financial Group Inc. RI Acquires 3,661 Shares of Chubb Limited (NYSE:CB)

Citizens Financial Group Inc. RI increased its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 38.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,105 shares of the financial services provider's stock after acquiring an additional 3,661 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Chubb were worth $3,790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Payden & Rygel increased its holdings in Chubb by 0.5% in the 3rd quarter. Payden & Rygel now owns 77,670 shares of the financial services provider's stock valued at $22,399,000 after buying an additional 400 shares during the period. Moors & Cabot Inc. increased its holdings in Chubb by 7.7% in the 3rd quarter. Moors & Cabot Inc. now owns 11,825 shares of the financial services provider's stock valued at $3,410,000 after buying an additional 845 shares during the period. Altman Advisors Inc. bought a new stake in Chubb in the 3rd quarter valued at $2,112,000. First Horizon Advisors Inc. increased its holdings in Chubb by 1.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 41,789 shares of the financial services provider's stock valued at $12,052,000 after buying an additional 612 shares during the period. Finally, Commerce Bank increased its holdings in Chubb by 1.7% in the 3rd quarter. Commerce Bank now owns 220,424 shares of the financial services provider's stock valued at $63,568,000 after buying an additional 3,733 shares during the period. Institutional investors own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CB. Royal Bank of Canada upped their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $291.00 to $294.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. JMP Securities upped their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 5th. Finally, Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Two equities 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 price target of $287.37.

Insider Activity

In related news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares of the company's stock, valued at approximately $167,748,829.50. This represents a 4.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 6,599 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $287.06, for a total value of $1,894,308.94. Following the sale, the executive vice president now directly owns 84,101 shares of the company's stock, valued at approximately $24,142,033.06. The trade was a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock valued at $23,803,540 in the last ninety days. 0.86% of the stock is owned by insiders.

Chubb Trading Up 0.0 %

Shares of CB stock traded up $0.10 on Friday, reaching $285.21. The company had a trading volume of 1,718,492 shares, compared to its average volume of 1,603,246. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $114.97 billion, a PE ratio of 11.69, a PEG ratio of 6.62 and a beta of 0.67. The company has a 50-day moving average of $287.54 and a 200-day moving average of $274.03. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts' expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.95 EPS. On average, equities analysts forecast that Chubb Limited will post 21.77 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb's dividend payout ratio (DPR) is presently 14.91%.

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.