TFG Advisers LLC Boosts Position in Chubb Limited (NYSE:CB)

TFG Advisers LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,204 shares of the financial services provider’s stock after buying an additional 161 shares during the period. TFG Advisers LLC’s holdings in Chubb were worth $2,078,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb during the first quarter valued at approximately $25,000. Beacon Capital Management LLC increased its stake in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC purchased a new stake in Chubb during the 2nd quarter worth $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb in the 2nd quarter worth $28,000. Finally, Wellington Shields Capital Management LLC purchased a new position in Chubb in the 1st quarter valued at about $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chubb news, 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 transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The stock was 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 of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 over the last 90 days. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of CB traded down $3.10 during mid-day trading on Wednesday, reaching $294.01. 54,976 shares of the company’s stock traded hands, compared to its average volume of 1,607,930. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50-day moving average price is $285.98 and its 200-day moving average price is $268.72. The stock has a market capitalization of $119.39 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. Chubb Limited has a 12 month low of $207.46 and a 12 month high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the previous year, the business earned $4.92 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts predict that Chubb Limited will post 21.32 earnings per share for the current 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CB. JMP Securities reaffirmed a “market outperform” rating and set a $300.00 target price on shares of Chubb in a research report on Tuesday, October 15th. Morgan Stanley dropped their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada increased their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Barclays started coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.