Chubb Limited (NYSE:CB) Shares Acquired by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. raised its stake in Chubb Limited (NYSE:CB) by 1.3% in the third quarter, HoldingsChannel.com reports. The fund owned 31,600 shares of the financial services provider’s stock after buying an additional 420 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Chubb were worth $9,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new stake in Chubb in the first quarter worth $25,000. Beacon Capital Management LLC raised its position in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Chubb in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb during the second quarter valued at approximately $28,000. Finally, Kozak & Associates Inc. bought a new stake in Chubb during the third quarter worth approximately $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In related 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 value of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,715 shares of company stock worth $23,803,540 over the last three months. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of NYSE CB opened at $285.21 on Friday. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $114.97 billion, a P/E ratio of 11.68, a P/E/G ratio of 6.62 and a beta of 0.67. The business’s 50 day moving average is $287.46 and its two-hundred day moving average is $274.26.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.95 EPS. On average, equities analysts expect that Chubb Limited will post 21.77 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CB shares. Piper Sandler lifted their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Bank of America raised their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JMP Securities boosted their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Evercore ISI raised their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $287.37.

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.