McAdam LLC Invests $350,000 in Chubb Limited (NYSE:CB)

McAdam LLC purchased a new position in shares of Chubb Limited (NYSE:CB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,212 shares of the financial services provider’s stock, valued at approximately $350,000.

Several other institutional investors also recently modified their holdings of the stock. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Chubb by 14.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 16,636 shares of the financial services provider’s stock worth $4,798,000 after buying an additional 2,102 shares in the last quarter. TFG Advisers LLC increased its holdings in shares of Chubb by 2.3% during the third quarter. TFG Advisers LLC now owns 7,204 shares of the financial services provider’s stock worth $2,078,000 after buying an additional 161 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Chubb by 1.3% during the third quarter. Greenleaf Trust now owns 18,517 shares of the financial services provider’s stock worth $5,340,000 after buying an additional 237 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Chubb by 95.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 5,201 shares of the financial services provider’s stock worth $1,500,000 after buying an additional 2,542 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC increased its holdings in Chubb by 2.5% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 4,226 shares of the financial services provider’s stock valued at $1,219,000 after purchasing an additional 103 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by corporate insiders.

Chubb Price Performance

CB stock opened at $293.95 on Friday. The stock has a market capitalization of $119.36 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The company’s 50-day moving average is $286.43 and its 200-day moving average is $268.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Limited has a 1 year low of $207.46 and a 1 year high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter in the prior year, the firm earned $4.92 EPS. The business’s revenue was up 11.8% on a year-over-year basis. Equities research analysts expect that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $300.00 price objective on shares of Chubb in a report on Tuesday, October 15th. Morgan Stanley decreased their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Jefferies Financial Group increased their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America upped their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company upped their price target on shares of Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research 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.com, Chubb currently has an average rating of “Hold” and a consensus target price of $282.37.

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.