Chubb Limited (NYSE:CB) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in Chubb Limited (NYSE:CB) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,265 shares of the financial services provider’s stock after purchasing an additional 573 shares during the quarter. Park Avenue Securities LLC’s holdings in Chubb were worth $4,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CB. 1832 Asset Management L.P. grew its position in shares of Chubb by 0.4% in the fourth quarter. 1832 Asset Management L.P. now owns 14,123 shares of the financial services provider’s stock valued at $3,192,000 after purchasing an additional 61 shares during the period. Stephens Inc. AR increased its holdings in shares of Chubb by 9.1% during the 4th quarter. Stephens Inc. AR now owns 8,691 shares of the financial services provider’s stock worth $1,964,000 after buying an additional 723 shares during the last quarter. Morningstar Investment Services LLC purchased a new position in shares of Chubb in the 4th quarter worth $948,000. Kolinsky Wealth Management LLC acquired a new position in Chubb in the fourth quarter valued at $213,000. Finally, Security National Bank acquired a new stake in Chubb during the fourth quarter worth about $1,581,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Chubb news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade 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 link. Also, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,636 shares of company stock valued at $24,874,208. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.7 %

CB traded up $2.05 during trading on Friday, hitting $290.59. The company had a trading volume of 967,956 shares, compared to its average volume of 1,631,693. The company has a market cap of $118.00 billion, a PE ratio of 12.90, a P/E/G ratio of 5.74 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 1-year low of $205.64 and a 1-year high of $294.18. The business has a 50-day moving average of $281.24 and a 200-day moving average of $265.76.

Chubb (NYSE:CB) last issued 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. The business 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 company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.92 earnings per share. As a group, analysts forecast that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s dividend payout ratio (DPR) is 16.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. JMP Securities raised their price objective on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. Morgan Stanley decreased their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Barclays assumed coverage on shares of Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price on the stock. Finally, Keefe, Bruyette & Woods increased 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and an average target price of $276.79.

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.