Mather Group LLC. Purchases 53 Shares of Chubb Limited (NYSE:CB)

Mather Group LLC. lifted its position in Chubb Limited (NYSE:CB) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,571 shares of the financial services provider’s stock after acquiring an additional 53 shares during the quarter. Mather Group LLC.’s holdings in Chubb were worth $1,895,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Cresset Asset Management LLC grew its position in Chubb by 13.8% in the 4th quarter. Cresset Asset Management LLC now owns 66,723 shares of the financial services provider’s stock valued at $15,131,000 after acquiring an additional 8,083 shares during the last quarter. Symmetry Investments LP purchased a new stake in shares of Chubb during the fourth quarter valued at $268,000. MGO One Seven LLC grew its holdings in shares of Chubb by 8.4% in the fourth quarter. MGO One Seven LLC now owns 8,445 shares of the financial services provider’s stock worth $1,908,000 after purchasing an additional 653 shares during the last quarter. Bridgewater Associates LP purchased a new position in Chubb in the 4th quarter worth about $19,501,000. Finally, Ethic Inc. lifted its holdings in Chubb by 0.3% during the 4th quarter. Ethic Inc. now owns 35,127 shares of the financial services provider’s stock valued at $7,939,000 after buying an additional 114 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CB. JPMorgan Chase & Co. upped their target price on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Morgan Stanley dropped their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods lifted their target price on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report 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, Roth Mkm upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average target price of $280.22.

Insider Buying and Selling

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 sale, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction 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 sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 in the last 90 days. Insiders own 0.86% of the company’s stock.

Chubb Trading Up 1.0 %

Shares of NYSE:CB opened at $279.96 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $113.68 billion, a P/E ratio of 12.43, a P/E/G ratio of 5.74 and a beta of 0.66. The business’s 50-day moving average is $281.35 and its 200 day moving average is $266.01. Chubb Limited has a 1 year low of $205.64 and a 1 year high of $294.18.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. The firm had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $4.92 EPS. On average, research analysts predict that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Friday, September 13th. Chubb’s payout ratio is 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.