Summit Trail Advisors LLC Has $1.83 Million Stock Position in Chubb Limited (NYSE:CB)

Summit Trail Advisors LLC raised its holdings in Chubb Limited (NYSE:CB) by 35.3% during the third quarter, Holdings Channel.com reports. The fund owned 6,326 shares of the financial services provider’s stock after purchasing an additional 1,649 shares during the period. Summit Trail Advisors LLC’s holdings in Chubb were worth $1,830,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Beacon Capital Management LLC lifted its stake in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Pathway Financial Advisers LLC bought a new stake in shares of Chubb in the first quarter valued at about $25,000. Kozak & Associates Inc. acquired a new position in shares of Chubb during the 3rd quarter worth about $29,000. Chilton Capital Management LLC bought a new position in Chubb in the second quarter valued at approximately $26,000. Finally, Kimelman & Baird LLC bought a new position in shares of Chubb in the second quarter valued at $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 6,599 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $287.06, for a total value of $1,894,308.94. Following the completion of the sale, the executive vice president now owns 84,101 shares of the company’s stock, valued at approximately $24,142,033.06. This represents a 7.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. This trade represents a 12.61 % decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JMP Securities raised their price objective 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. Jefferies Financial Group raised their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Bank of America boosted their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler boosted their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $287.37.

Chubb Trading Up 0.0 %

NYSE:CB opened at $285.21 on Monday. The firm’s fifty day moving average is $287.46 and its 200-day moving average is $274.58. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05. The firm has a market cap of $114.97 billion, a P/E ratio of 11.68, a P/E/G ratio of 6.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

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

Chubb Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s payout ratio is 14.91%.

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.