Independent Advisor Alliance Grows Stake in Chubb Limited (NYSE:CB)

Independent Advisor Alliance boosted its position in shares of Chubb Limited (NYSE:CB) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,721 shares of the financial services provider’s stock after acquiring an additional 1,905 shares during the quarter. Independent Advisor Alliance’s holdings in Chubb were worth $10,878,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CB. Pathway Financial Advisers LLC bought a new position in shares of Chubb in the 1st quarter worth approximately $25,000. Beacon Capital Management LLC boosted its stake 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 acquiring an additional 42 shares during the last quarter. Chilton Capital Management LLC bought a new stake in shares of Chubb during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb in the 2nd quarter worth $28,000. Finally, Kozak & Associates Inc. bought a new position in Chubb in the 3rd quarter worth $29,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The stock was 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 in the company, valued at approximately $160,341,094.40. This represents a 5.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. This represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock worth $23,803,540 in the last quarter. 0.86% of the stock is owned by company insiders.

Chubb Stock Up 0.0 %

Shares of CB opened at $285.21 on Monday. 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 business has a fifty day moving average of $287.46 and a 200 day moving average of $274.58. The company has a market cap of $114.97 billion, a PE ratio of 11.68, a P/E/G ratio of 6.65 and a beta of 0.67. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05.

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

Chubb Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on CB shares. Barclays initiated coverage on Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Bank of America raised their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $287.37.

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.