ORG Wealth Partners LLC bought a new position in Chubb Limited (NYSE:CB - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,788 shares of the financial services provider's stock, valued at approximately $804,000.
Other large investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC acquired a new stake in Chubb during the 1st quarter worth $25,000. Beacon Capital Management LLC raised its holdings in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after buying an additional 42 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Chubb in the second quarter worth $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb during the 2nd quarter valued at $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of Chubb during the fourth quarter valued at approximately $29,000. Institutional investors own 83.81% of the company's stock.
Analysts Set New Price Targets
Several research analysts have commented on the company. Royal Bank of Canada boosted their target price on Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Roth Mkm lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $290.00 to $291.00 and gave the stock a "neutral" rating in a research note on Thursday. Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, October 4th. Finally, Jefferies Financial Group increased their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Chubb has a consensus rating of "Hold" and a consensus target price of $282.37.
View Our Latest Research Report on Chubb
Chubb Price Performance
Chubb stock traded up $1.88 during midday trading on Monday, reaching $288.71. The company's stock had a trading volume of 635,585 shares, compared to its average volume of 1,620,250. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $294.18. The firm has a market capitalization of $117.23 billion, a PE ratio of 12.81, a P/E/G ratio of 5.87 and a beta of 0.66. The stock's 50 day simple moving average is $282.13 and its 200 day simple moving average is $266.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31.
Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating analysts' consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.92 EPS. On average, equities research analysts forecast that Chubb Limited will post 21.32 earnings per share for the current year.
Chubb Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. Chubb's dividend payout ratio (DPR) is 16.16%.
Insider Buying and Selling at Chubb
In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm's 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 transaction, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was 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 of the company's stock, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 over the last ninety days. Insiders own 0.86% of the company's stock.
About Chubb
(
Free Report)
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.
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