Chubb Limited (NYSE:CB) Stock Position Boosted by Virginia Wealth Management Group Inc.

Virginia Wealth Management Group Inc. boosted its holdings in Chubb Limited (NYSE:CB) by 18.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,097 shares of the financial services provider’s stock after buying an additional 3,039 shares during the quarter. Chubb makes up about 3.5% of Virginia Wealth Management Group Inc.’s holdings, making the stock its 3rd largest position. Virginia Wealth Management Group Inc.’s holdings in Chubb were worth $5,507,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC purchased a new position in shares of Chubb during the first quarter worth about $25,000. Beacon Capital Management LLC lifted its position 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 purchasing an additional 42 shares during the period. Chilton Capital Management LLC acquired a new stake in Chubb in the second quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb in the second quarter valued at about $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $4,282,350.00. Following the completion of the transaction, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 over the last quarter. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of NYSE:CB traded up $3.02 during trading hours on Friday, hitting $287.72. The stock had a trading volume of 96,999 shares, compared to its average volume of 1,621,399. The stock’s fifty day simple moving average is $281.82 and its 200 day simple moving average is $266.43. Chubb Limited has a 1-year low of $205.64 and a 1-year high of $294.18. The firm has a market capitalization of $116.28 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 5.87 and a beta of 0.66. 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 (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $13.04 billion. During the same quarter last year, the business earned $4.92 earnings per share. Chubb’s revenue was up 11.8% compared to the same quarter last year. Sell-side analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. Chubb’s dividend payout ratio is presently 15.38%.

Analysts Set New Price Targets

A number of brokerages recently commented on CB. JMP Securities raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Roth Mkm raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company raised their price objective on shares of Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research report on Thursday. Jefferies Financial Group lifted their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $282.37.

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.