Pathway Financial Advisers LLC Buys 28,478 Shares of Chubb Limited (NYSE:CB)

Pathway Financial Advisers LLC lifted its stake in Chubb Limited (NYSE:CB) by 28,765.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 28,577 shares of the financial services provider’s stock after purchasing an additional 28,478 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Chubb were worth $8,241,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Beacon Capital Management LLC boosted its holdings 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 buying an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in Chubb in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb in the second quarter worth $28,000. Wellington Shields Capital Management LLC acquired a new position in shares of Chubb during the first quarter worth $29,000. Finally, Kozak & Associates Inc. purchased a new stake in shares of Chubb during the 3rd quarter valued at $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CB shares. Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Piper Sandler boosted their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Barclays initiated coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus price target of $282.37.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction 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 directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 value of $8,771,753.25. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’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 transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $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 worth $24,874,208 over the last three months. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

NYSE CB traded down $5.97 during mid-day trading on Friday, reaching $287.99. 1,238,295 shares of the stock were exchanged, compared to its average volume of 1,608,166. The company has a market capitalization of $116.94 billion, a P/E ratio of 12.78, a P/E/G ratio of 5.87 and a beta of 0.66. 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 is $287.15 and its 200-day moving average is $269.32. Chubb Limited has a 1 year low of $207.46 and a 1 year high of $302.05.

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, topping the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period in the prior year, the company posted $4.92 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts forecast that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, September 13th. Chubb’s payout ratio is currently 16.16%.

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.