Chubb Limited (NYSE:CB) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC lifted its holdings in shares of Chubb Limited (NYSE:CB) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,800 shares of the financial services provider’s stock after acquiring an additional 204 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Chubb were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors boosted its position in shares of Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after buying an additional 685,677 shares during the period. Capital Research Global Investors lifted its position in Chubb by 44.4% during the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after acquiring an additional 2,064,730 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Chubb by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock worth $1,258,202,000 after acquiring an additional 63,891 shares during the period. Legal & General Group Plc grew its position in Chubb by 2.9% in the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock valued at $938,663,000 after acquiring an additional 104,986 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Chubb by 14.8% during the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after purchasing an additional 457,881 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CB shares. Jefferies Financial Group raised their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JMP Securities reaffirmed a “market outperform” rating and set a $300.00 target price on shares of Chubb in a research report on Tuesday. Royal Bank of Canada increased their price target on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price objective on Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $282.37.

Chubb Trading Down 0.1 %

Shares of NYSE CB opened at $301.66 on Friday. Chubb Limited has a 12-month low of $205.64 and a 12-month high of $302.05. The company has a market cap of $122.49 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $284.79 and its 200 day simple moving average is $267.91.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $4.92 earnings per share. Equities research analysts expect that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is 16.16%.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by company insiders.

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.