Catalyst Financial Partners LLC Acquires 82 Shares of Chubb Limited (NYSE:CB)

Catalyst Financial Partners LLC raised its stake in Chubb Limited (NYSE:CB) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,820 shares of the financial services provider’s stock after buying an additional 82 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Chubb were worth $525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Pathway Financial Advisers LLC acquired a new position in Chubb in the 1st quarter worth $25,000. Beacon Capital Management LLC grew its position in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares during the period. Chilton Capital Management LLC acquired a new position in shares of Chubb during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb in the 2nd quarter valued at about $28,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in Chubb in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent analyst reports. Barclays initiated coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Jefferies Financial Group lifted their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a report on Wednesday. Roth Mkm boosted their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $286.63.

Chubb Price Performance

CB stock opened at $283.64 on Thursday. 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 $212.82 and a 52-week high of $302.05. The company has a market capitalization of $115.18 billion, a P/E ratio of 12.59, a PEG ratio of 5.87 and a beta of 0.66. The company has a fifty day moving average price of $288.01 and a 200-day moving average price of $270.32.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.93 by $0.79. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the company earned $4.95 EPS. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Chubb Limited will post 21.32 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s payout ratio is presently 16.16%.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Evan G. Greenberg sold 30,537 shares of the business’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 directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 in the last quarter. Insiders own 0.86% of the company’s stock.

About Chubb

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.