Virginia Wealth Management Group Inc. Purchases 3,039 Shares of Chubb Limited (NYSE:CB)

Virginia Wealth Management Group Inc. lifted its holdings in Chubb Limited (NYSE:CB - Free Report) by 18.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,097 shares of the financial services provider's stock after buying an additional 3,039 shares during the quarter. Chubb accounts for 3.5% of Virginia Wealth Management Group Inc.'s portfolio, making the stock its 3rd biggest holding. Virginia Wealth Management Group Inc.'s holdings in Chubb were worth $5,507,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CB. Capital Research Global Investors boosted its position in Chubb by 44.4% during the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider's stock worth $1,739,625,000 after purchasing an additional 2,064,730 shares in the last quarter. Capital World Investors raised its holdings in shares of Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider's stock worth $2,849,677,000 after acquiring an additional 685,677 shares during the last quarter. Confluence Investment Management LLC acquired a new position in shares of Chubb in the first quarter worth $165,932,000. Lazard Asset Management LLC raised its holdings in shares of 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 acquiring an additional 457,881 shares during the last quarter. Finally, Troy Asset Management Ltd acquired a new position in shares of Chubb in the second quarter worth $106,975,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CB has been the subject of a number of analyst reports. Bank of America boosted their price target on Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a report on Thursday. Wells Fargo & Company boosted their price target on Chubb from $255.00 to $269.00 and gave the stock an "equal weight" rating in a report on Thursday. Piper Sandler boosted their price target on Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, October 4th. JMP Securities boosted their price target on Chubb from $280.00 to $300.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their target price on Chubb from $290.00 to $291.00 and gave the company a "neutral" rating in a research note on Thursday. Two investment 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $282.37.

Insider Transactions at Chubb

In other news, EVP Juan Luis Ortega sold 3,921 shares of the company's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares of the company's stock, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Michael G. Atieh sold 261 shares of the 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 completion of the transaction, the director now owns 39,172 shares of the company's stock, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction dated 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 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 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 valued at $24,874,208 over the last quarter. Company insiders own 0.86% of the company's stock.

Chubb Trading Up 0.7 %

NYSE:CB traded up $2.13 on Friday, hitting $286.83. 798,327 shares of the stock were exchanged, compared to its average volume of 1,625,146. The stock has a market cap of $115.92 billion, a PE ratio of 12.12, a PEG ratio of 5.87 and a beta of 0.66. 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 stock has a fifty day moving average of $281.82 and a 200-day moving average of $266.43. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $294.18.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share 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 company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the prior year, the business earned $4.92 earnings per share. The company's revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts expect that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, September 13th. Chubb's payout ratio is 15.38%.

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.