Intergy Private Wealth LLC Purchases Shares of 710 Chubb Limited (NYSE:CB)

Intergy Private Wealth LLC purchased a new stake in Chubb Limited (NYSE:CB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 710 shares of the financial services provider’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb in the first quarter valued at about $25,000. Beacon Capital Management LLC lifted its holdings in shares of 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 in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Chubb in the second quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb in the second quarter valued at about $28,000. Finally, Wellington Shields Capital Management LLC acquired a new position in shares of Chubb in the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CB shares. Roth Mkm boosted 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. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Jefferies Financial Group boosted their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $282.37.

Chubb Trading Down 0.6 %

Shares of Chubb stock traded down $1.71 during trading hours on Friday, hitting $300.18. The company’s stock had a trading volume of 325,547 shares, compared to its average volume of 1,611,856. Chubb Limited has a 1-year low of $205.64 and a 1-year high of $302.05. The business has a fifty day moving average of $284.16 and a 200 day moving average of $267.61. The company has a market capitalization of $121.89 billion, a PE ratio of 13.40, a P/E/G ratio of 5.87 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.92 earnings per share. As a group, equities analysts forecast that Chubb Limited will post 21.32 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s payout ratio is 16.16%.

Insider Activity at Chubb

In related news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 86,636 shares of company stock valued at $24,874,208. Corporate insiders own 0.86% of the company’s stock.

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.