Chubb Limited (NYSE:CB) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in shares of Chubb Limited (NYSE:CB) by 61.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,103 shares of the financial services provider’s stock after purchasing an additional 1,562 shares during the quarter. Farther Finance Advisors LLC’s holdings in Chubb were worth $1,046,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $33,177,000. Van ECK Associates Corp increased its position in Chubb by 3.3% during the fourth quarter. Van ECK Associates Corp now owns 13,028 shares of the financial services provider’s stock worth $2,944,000 after buying an additional 417 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Chubb by 7.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,123 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 369 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Chubb by 66.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,298 shares of the financial services provider’s stock valued at $745,000 after acquiring an additional 1,319 shares in the last quarter. Finally, Sapient Capital LLC purchased a new stake in shares of Chubb in the fourth quarter valued at $301,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In other news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the transaction, the executive vice president now directly owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,521 shares of company stock valued at $3,878,712. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.8 %

Shares of NYSE CB opened at $284.18 on Monday. The firm has a market cap of $114.79 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 5.59 and a beta of 0.66. Chubb Limited has a 1 year low of $198.67 and a 1 year high of $284.49. 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 stock’s 50-day simple moving average is $266.31 and its 200-day simple moving average is $259.55.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter last year, the company earned $4.92 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts anticipate that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a $0.91 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s dividend payout ratio (DPR) is 16.16%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CB shares. JMP Securities upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 24th. Royal Bank of Canada increased their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods upped their target price on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. lifted their price target on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $270.79.

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.