Chubb Limited (NYSE:CB) Shares Bought by Vest Financial LLC

Vest Financial LLC raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,888 shares of the financial services provider's stock after purchasing an additional 19,691 shares during the period. Chubb accounts for 1.6% of Vest Financial LLC's portfolio, making the stock its 2nd largest holding. Vest Financial LLC owned 0.07% of Chubb worth $82,736,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors increased its position in Chubb by 6.6% during 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 period. Capital Research Global Investors increased its holdings in shares of Chubb by 44.4% during the 1st 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 during the period. Ameriprise Financial Inc. increased its holdings in shares of Chubb by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider's stock worth $1,258,202,000 after purchasing an additional 63,891 shares during the period. Legal & General Group Plc lifted its stake in shares of Chubb by 2.9% in the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider's stock valued at $938,663,000 after buying an additional 104,986 shares during the period. Finally, Lazard Asset Management LLC grew its position in Chubb by 14.8% during 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 buying an additional 457,881 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated 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 transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 583,982 shares of the company's stock, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Royal Bank of Canada upped their price target on Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Jefferies Financial Group raised their target price on Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Piper Sandler boosted their price target on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Morgan Stanley reduced their price objective on shares of Chubb from $260.00 to $259.00 and set an "equal weight" rating for the company in a report on Wednesday, July 10th. Finally, Roth Mkm upped their target price on shares of Chubb from $280.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $282.37.

Chubb Trading Down 0.1 %

Chubb stock traded down $0.23 during trading hours on Friday, reaching $301.66. 1,705,625 shares of the company's stock traded hands, compared to its average volume of 1,618,688. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $302.05. The firm's 50 day moving average is $284.79 and its 200-day moving average is $268.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $122.49 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.04 by $0.34. The firm had revenue of $13.36 billion for the quarter, compared to analysts' expectations of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $4.92 earnings per share. On average, analysts predict 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 $0.91 dividend. 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 1.21%. Chubb's dividend payout ratio is presently 16.16%.

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.