Good Life Advisors LLC Has $1.19 Million Holdings in Chubb Limited (NYSE:CB)

Good Life Advisors LLC boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 120.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,124 shares of the financial services provider's stock after acquiring an additional 2,254 shares during the quarter. Good Life Advisors LLC's holdings in Chubb were worth $1,190,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Beacon Capital Management LLC increased its position in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 42 shares during the period. Pathway Financial Advisers LLC acquired a new position in shares of Chubb during the 1st quarter valued at $25,000. Chilton Capital Management LLC acquired a new position in shares of Chubb during the 2nd quarter valued at $26,000. Wellington Shields Capital Management LLC acquired a new position in shares of Chubb during the 1st quarter valued at $29,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Chubb during the 2nd quarter valued at $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of CB traded down $0.23 on Friday, hitting $301.66. The company's stock had a trading volume of 1,624,543 shares, compared to its average volume of 1,618,688. The company has a market capitalization of $122.49 billion, a PE ratio of 13.39, a PEG ratio of 5.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $302.05. The company has a 50 day moving average price of $284.16 and a 200 day moving average price of $267.61.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb's revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.92 EPS. On average, research analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.21%. Chubb's payout ratio is 16.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley decreased their target price on Chubb from $260.00 to $259.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 10th. William Blair cut Chubb from a "market perform" rating to an "underperform" rating in a research report on Friday, June 28th. Roth Mkm lifted their price objective on Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Piper Sandler lifted their price objective on Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Finally, Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. 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. Based on data from MarketBeat, Chubb has a consensus rating of "Hold" and a consensus target price of $282.37.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares of the company's stock, valued at $167,748,829.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares in the company, 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. In the last ninety days, insiders have sold 86,636 shares of company stock worth $24,874,208. Insiders own 0.86% of the company's stock.

Chubb Company 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.