American Institute for Advanced Investment Management LLP Buys Shares of 1,310 Chubb Limited (NYSE:CB)

American Institute for Advanced Investment Management LLP purchased a new position in shares of Chubb Limited (NYSE:CB) in the third quarter, Holdings Channel.com reports. The fund purchased 1,310 shares of the financial services provider’s stock, valued at approximately $365,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Pathway Financial Advisers LLC purchased a new stake in Chubb in the 1st quarter valued at about $25,000. Beacon Capital Management LLC lifted its holdings in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Chilton Capital Management LLC purchased a new position in shares of Chubb during the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb in the 2nd quarter valued at approximately $28,000. Finally, Wellington Shields Capital Management LLC purchased a new stake in Chubb in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley lowered their price target 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. Piper Sandler boosted their price target 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. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Barclays initiated coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $282.37.

Chubb Stock Down 0.2 %

CB stock traded down $0.62 during midday trading on Thursday, reaching $294.38. 171,862 shares of the company were exchanged, compared to its average volume of 1,606,123. The company has a market cap of $119.54 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Limited has a 1-year low of $207.46 and a 1-year high of $302.05. The stock’s 50-day simple moving average is $286.43 and its 200 day simple moving average is $268.90.

Chubb (NYSE:CB) last announced 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. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period last year, the business earned $4.92 EPS. Chubb’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts forecast that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s payout ratio is currently 16.16%.

Insider Activity at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction that occurred on 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 transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Chubb news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction 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 in the company, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 in the last three months. 0.86% of the stock is currently owned by company insiders.

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.