Private Advisor Group LLC Acquires 3,694 Shares of Chubb Limited (NYSE:CB)

Private Advisor Group LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 28.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,547 shares of the financial services provider’s stock after purchasing an additional 3,694 shares during the quarter. Private Advisor Group LLC’s holdings in Chubb were worth $4,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. ORG Partners LLC bought a new position in shares of Chubb in the second quarter valued at approximately $963,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Chubb by 16.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock valued at $19,448,000 after acquiring an additional 10,745 shares during the period. Edgestream Partners L.P. bought a new position in shares of Chubb in the first quarter valued at approximately $984,000. Leuthold Group LLC bought a new position in shares of Chubb in the first quarter valued at approximately $3,033,000. Finally, GSA Capital Partners LLP bought a new position in shares of Chubb in the first quarter valued at approximately $961,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CB. Bank of America raised their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of Chubb in a research note on Tuesday, October 15th. Royal Bank of Canada raised their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Piper Sandler raised their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company raised their target price on shares of Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $282.37.

Insider Transactions at Chubb

In other news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,636 shares of company stock worth $24,874,208. Insiders own 0.86% of the company’s stock.

Chubb Stock Down 2.0 %

Shares of Chubb stock opened at $287.99 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Limited has a 52-week low of $207.46 and a 52-week high of $302.05. The stock has a market capitalization of $116.94 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 5.87 and a beta of 0.66. The company’s 50 day moving average price is $287.15 and its 200-day moving average price is $269.32.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio is 16.16%.

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.