Advocate Group LLC Grows Stock Position in Chubb Limited (NYSE:CB)

Advocate Group LLC lifted its holdings in shares of Chubb Limited (NYSE:CB) by 4.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 23,714 shares of the financial services provider’s stock after acquiring an additional 966 shares during the period. Advocate Group LLC’s holdings in Chubb were worth $6,839,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. MGO One Seven LLC lifted its position in Chubb by 8.4% during the 4th quarter. MGO One Seven LLC now owns 8,445 shares of the financial services provider’s stock worth $1,908,000 after acquiring an additional 653 shares during the period. Ethic Inc. lifted its holdings in shares of Chubb by 0.3% during the fourth quarter. Ethic Inc. now owns 35,127 shares of the financial services provider’s stock worth $7,939,000 after purchasing an additional 114 shares during the period. Chilton Investment Co. Inc. purchased a new stake in Chubb in the fourth quarter valued at approximately $211,000. Bradley Foster & Sargent Inc. CT increased its holdings in Chubb by 1.3% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 98,158 shares of the financial services provider’s stock worth $22,184,000 after buying an additional 1,284 shares during the period. Finally, Groupama Asset Managment purchased a new position in Chubb during the 4th quarter worth approximately $19,427,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CB shares. Piper Sandler increased their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Bank of America lowered Chubb from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $264.00 to $275.00 in a research note on Friday, October 4th. JMP Securities boosted their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Jefferies Financial Group boosted their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $281.00.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. 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 through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 in the last quarter. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

CB traded up $3.63 on Thursday, reaching $286.46. 183,206 shares of the company’s stock were exchanged, compared to its average volume of 1,624,912. The stock has a market cap of $116.32 billion, a PE ratio of 12.55, 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 twelve month low of $205.64 and a twelve month high of $294.18. The stock’s fifty day moving average price is $281.56 and its 200-day moving average price is $266.30.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same period in the previous year, the firm posted $4.92 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Sell-side analysts expect that Chubb Limited will post 21.21 EPS for the current year.

Chubb Announces Dividend

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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio (DPR) 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.