U.S. Capital Wealth Advisors LLC Increases Stock Position in Chubb Limited (NYSE:CB)

U.S. Capital Wealth Advisors LLC increased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,636 shares of the financial services provider's stock after buying an additional 2,102 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Chubb were worth $4,798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CB. TFG Advisers LLC grew its holdings in shares of Chubb by 2.3% during the third quarter. TFG Advisers LLC now owns 7,204 shares of the financial services provider's stock worth $2,078,000 after purchasing an additional 161 shares during the last quarter. Greenleaf Trust boosted its position in Chubb by 1.3% during the third quarter. Greenleaf Trust now owns 18,517 shares of the financial services provider's stock worth $5,340,000 after acquiring an additional 237 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Chubb by 95.6% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,201 shares of the financial services provider's stock worth $1,500,000 after acquiring an additional 2,542 shares during the period. Meadow Creek Wealth Advisors LLC increased its stake in Chubb by 2.5% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 4,226 shares of the financial services provider's stock worth $1,219,000 after acquiring an additional 103 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Chubb by 28.7% in the third quarter. Private Advisor Group LLC now owns 16,547 shares of the financial services provider's stock valued at $4,772,000 after purchasing an additional 3,694 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider John J. Lupica sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider John J. Lupica sold 15,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares of the company's stock, valued at $29,676,685.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction that occurred on 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 transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. The trade was 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 in the last ninety days. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

Shares of NYSE:CB traded down $2.11 during trading on Wednesday, hitting $295.00. The company's stock had a trading volume of 1,118,842 shares, compared to its average volume of 1,613,119. The company has a 50-day moving average of $285.98 and a 200-day moving average of $268.72. Chubb Limited has a 12 month low of $207.46 and a 12 month high of $302.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $119.79 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly 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. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion for the quarter, compared to analysts' expectations of $13.04 billion. During the same quarter in the previous year, the company earned $4.92 EPS. The business's quarterly revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts expect that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid 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 1.23%. Chubb's dividend payout ratio is currently 16.16%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CB shares. Roth Mkm boosted their price objective on Chubb from $280.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price target on Chubb from $304.00 to $305.00 and gave the company an "outperform" rating in a report on Monday, July 29th. JMP Securities reissued a "market outperform" rating and set a $300.00 price objective on shares of Chubb in a research note on Tuesday, October 15th. Morgan Stanley cut their target price on Chubb from $260.00 to $259.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada increased their price target on Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $282.37.

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.