Chubb Limited $CB Shares Bought by PFG Advisors

PFG Advisors lifted its position in Chubb Limited (NYSE:CB) by 29.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,702 shares of the financial services provider’s stock after purchasing an additional 1,742 shares during the quarter. PFG Advisors’ holdings in Chubb were worth $2,232,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CB. Brighton Jones LLC boosted its holdings in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Chubb during the fourth quarter worth $205,000. Ballentine Partners LLC lifted its position in Chubb by 3.3% during the first quarter. Ballentine Partners LLC now owns 8,629 shares of the financial services provider’s stock valued at $2,606,000 after purchasing an additional 276 shares during the period. Kathmere Capital Management LLC boosted its holdings in Chubb by 9.3% in the first quarter. Kathmere Capital Management LLC now owns 838 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 71 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in Chubb by 1.2% during the 1st quarter. New York State Common Retirement Fund now owns 670,998 shares of the financial services provider’s stock worth $202,635,000 after purchasing an additional 8,254 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 1.6%

Shares of NYSE:CB opened at $287.45 on Monday. The business’s 50 day moving average price is $278.79 and its 200-day moving average price is $280.54. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm has a market capitalization of $113.13 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the prior year, the business posted $5.72 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. The trade was a 20.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CB. JPMorgan Chase & Co. upped their target price on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Cantor Fitzgerald restated a “neutral” rating and issued a $300.00 price objective on shares of Chubb in a research report on Monday, October 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $309.00 price objective on shares of Chubb in a research note on Monday, October 27th. Bank of America boosted their target price on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. Finally, Evercore ISI raised their price target on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $307.79.

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.