Beese Fulmer Investment Management Inc. Purchases 125 Shares of Chubb Limited (NYSE:CB)

Beese Fulmer Investment Management Inc. raised its position in shares of Chubb Limited (NYSE:CB) by 0.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,138 shares of the financial services provider’s stock after purchasing an additional 125 shares during the quarter. Chubb accounts for about 1.4% of Beese Fulmer Investment Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Beese Fulmer Investment Management Inc.’s holdings in Chubb were worth $16,478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CB. X Square Capital LLC raised its stake in shares of Chubb by 7.4% in the third quarter. X Square Capital LLC now owns 3,393 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 233 shares during the last quarter. Romano Brothers AND Company raised its position in Chubb by 9.6% in the 3rd quarter. Romano Brothers AND Company now owns 15,934 shares of the financial services provider’s stock worth $4,595,000 after buying an additional 1,402 shares during the last quarter. Patrick M Sweeney & Associates Inc. lifted its stake in Chubb by 10.5% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 1,999 shares of the financial services provider’s stock valued at $576,000 after acquiring an additional 190 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after acquiring an additional 931,841 shares during the last quarter. Finally, McAdam LLC bought a new stake in shares of Chubb in the third quarter worth approximately $350,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the company’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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s 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 directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Keefe, Bruyette & Woods boosted their price target on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Roth Mkm increased 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 equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chubb has an average rating of “Hold” and an average price target of $282.37.

Chubb Stock Down 0.7 %

CB opened at $295.00 on Thursday. The company has a market capitalization of $119.79 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The firm has a 50-day simple moving average of $286.43 and a two-hundred day simple moving average of $268.90. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52 week low of $207.46 and a 52 week high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings results 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. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same period in the prior year, the company earned $4.92 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. Analysts forecast that Chubb Limited will post 21.32 earnings per share for the current fiscal 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 given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.23%. Chubb’s dividend payout ratio is currently 16.16%.

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.