1,737 Shares in Chubb Limited $CB Purchased by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. acquired a new position in Chubb Limited (NYSE:CB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,737 shares of the financial services provider’s stock, valued at approximately $575,000.

A number of other hedge funds have also recently made changes to their positions in CB. Ashurst Perkins Coie Trust Co boosted its holdings in shares of Chubb by 0.9% in the 3rd quarter. Ashurst Perkins Coie Trust Co now owns 18,619 shares of the financial services provider’s stock valued at $6,056,000 after buying an additional 160 shares in the last quarter. ZWJ Investment Counsel Inc. raised its stake in shares of Chubb by 2.8% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 205,424 shares of the financial services provider’s stock worth $66,814,000 after acquiring an additional 5,670 shares in the last quarter. Mather Group LLC. raised its stake in shares of Chubb by 3.5% during the 3rd quarter. Mather Group LLC. now owns 7,184 shares of the financial services provider’s stock worth $2,301,000 after acquiring an additional 246 shares in the last quarter. Fortitude Family Office LLC lifted its position in Chubb by 61.7% during the third quarter. Fortitude Family Office LLC now owns 1,150 shares of the financial services provider’s stock valued at $344,000 after acquiring an additional 439 shares during the last quarter. Finally, Essex LLC purchased a new stake in Chubb during the third quarter valued at approximately $243,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Up 1.1%

CB stock opened at $350.05 on Thursday. The stock has a market capitalization of $135.05 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.52 and a beta of 0.36. Chubb Limited has a 52 week low of $265.30 and a 52 week high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $340.26 and a 200 day moving average of $335.98.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.14 EPS. Sell-side analysts forecast that Chubb Limited will post 27.68 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s payout ratio is 14.43%.

Insiders Place Their Bets

In related news, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This represents a 20.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Connors sold 5,500 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CB shares. HSBC restated a “hold” rating and issued a $359.00 target price on shares of Chubb in a research note on Wednesday, October 7th. Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Barclays set a $387.00 price objective on Chubb in a report on Tuesday, July 7th. JPMorgan Chase & Co. decreased their price objective on Chubb from $374.00 to $371.00 and set a “neutral” rating for the company in a report on Friday, October 9th. Finally, UBS Group raised their price objective on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $358.36.

About Chubb

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.