Leelyn Smith LLC Purchases New Shares in Chubb Limited (NYSE:CB)

Leelyn Smith LLC acquired a new position in shares of Chubb Limited (NYSE:CB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 777 shares of the financial services provider’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CB. Wellington Shields & Co. LLC acquired a new stake in Chubb during the first quarter worth approximately $94,000. EP Wealth Advisors LLC grew its holdings in shares of Chubb by 28.1% during the 1st quarter. EP Wealth Advisors LLC now owns 3,595 shares of the financial services provider’s stock worth $931,000 after purchasing an additional 788 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Chubb by 9.0% in the first quarter. 1832 Asset Management L.P. now owns 15,393 shares of the financial services provider’s stock worth $3,989,000 after purchasing an additional 1,270 shares during the period. Ascent Group LLC raised its stake in Chubb by 382.6% in the first quarter. Ascent Group LLC now owns 6,182 shares of the financial services provider’s stock valued at $1,602,000 after purchasing an additional 4,901 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Chubb during the first quarter worth about $1,190,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of several recent analyst reports. 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 report on Friday, October 4th. Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective for the company. Wells Fargo & Company raised their target price on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. JMP Securities boosted their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Finally, Bank of America upped their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $287.37.

Insider Transactions 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 stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares of the company’s stock, valued at $29,676,685.50. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,715 shares of company stock worth $23,803,540. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $285.21 on Friday. The stock has a market cap of $114.97 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 6.62 and a beta of 0.67. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05. The company’s fifty day moving average is $287.46 and its 200 day moving average is $274.26. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the previous year, the company posted $4.95 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Chubb Limited will post 21.77 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.28%. Chubb’s payout ratio is 14.91%.

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.