Moody Lynn & Lieberson LLC Acquires 8,414 Shares of Chubb Limited (NYSE:CB)

Moody Lynn & Lieberson LLC raised its holdings in Chubb Limited (NYSE:CB - Free Report) by 519.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,034 shares of the financial services provider's stock after buying an additional 8,414 shares during the quarter. Moody Lynn & Lieberson LLC's holdings in Chubb were worth $2,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pathway Financial Advisers LLC bought a new stake in shares of Chubb in the 1st quarter worth about $25,000. Beacon Capital Management LLC raised its position in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 42 shares during the period. Chilton Capital Management LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at approximately $28,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in shares of Chubb in the 1st quarter valued at approximately $29,000. Institutional investors own 83.81% of the company's stock.

Insiders Place Their Bets

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 44,632 shares of the company's stock, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider John J. Lupica sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on CB shares. Wells Fargo & Company increased their target price on Chubb from $255.00 to $269.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. JMP Securities reissued a "market outperform" rating and set a $300.00 target price on shares of Chubb in a research note on Tuesday, October 15th. Roth Mkm increased their target price on Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods increased their target price on Chubb from $304.00 to $305.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada raised their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $282.37.

Chubb Price Performance

CB stock traded down $5.97 during midday trading on Friday, reaching $287.99. The company had a trading volume of 1,237,878 shares, compared to its average volume of 1,608,166. The company has a market capitalization of $116.94 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The stock has a 50 day moving average price of $286.86 and a 200-day moving average price of $269.08. Chubb Limited has a 1-year low of $207.46 and a 1-year 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.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results 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 during 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 for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.92 earnings per share. Equities research analysts expect that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, September 13th. Chubb's payout ratio is 16.16%.

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.