Paces Ferry Wealth Advisors LLC Purchases 50 Shares of Chubb Limited (NYSE:CB)

Paces Ferry Wealth Advisors LLC raised its position in Chubb Limited (NYSE:CB) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,585 shares of the financial services provider’s stock after purchasing an additional 50 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Chubb were worth $404,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Gryphon Financial Partners LLC acquired a new stake in Chubb during the 4th quarter worth approximately $597,000. Sachetta LLC bought a new stake in Chubb in the 4th quarter valued at $40,000. Assetmark Inc. boosted its stake in Chubb by 9.1% in the 4th quarter. Assetmark Inc. now owns 57,203 shares of the financial services provider’s stock worth $12,928,000 after purchasing an additional 4,756 shares during the period. Franklin Resources Inc. increased its holdings in Chubb by 0.7% during the 4th quarter. Franklin Resources Inc. now owns 271,463 shares of the financial services provider’s stock worth $61,351,000 after purchasing an additional 1,795 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in shares of Chubb by 0.9% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock valued at $609,880,000 after purchasing an additional 24,323 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. boosted 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. JMP Securities raised their target price on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada boosted their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $274.70.

Chubb Trading Down 0.6 %

Shares of NYSE:CB opened at $289.16 on Thursday. Chubb Limited has a 12-month low of $204.15 and a 12-month high of $294.18. The business has a 50 day moving average of $274.57 and a 200-day moving average of $262.77. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock has a market cap of $117.42 billion, a PE ratio of 12.83, a P/E/G ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings data 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 firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.92 EPS. As a group, equities research analysts forecast that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

Insiders Place Their Bets

In other news, EVP Juan Luis Ortega sold 3,921 shares of Chubb 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 directly owns 44,632 shares in the company, valued at $12,187,213.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Chubb news, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the business’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 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 $12,187,213.92. 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. Corporate insiders own 0.86% of the company’s stock.

Chubb 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.