Brooklyn Investment Group Buys 190 Shares of Chubb Limited (NYSE:CB)

Brooklyn Investment Group lifted its stake in shares of Chubb Limited (NYSE:CB) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,349 shares of the financial services provider’s stock after buying an additional 190 shares during the quarter. Brooklyn Investment Group’s holdings in Chubb were worth $677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC purchased a new stake in Chubb in the first quarter worth about $25,000. Beacon Capital Management LLC grew its stake 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 worth $25,000 after buying an additional 42 shares during the last quarter. Chilton Capital Management LLC bought a new position in Chubb during the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb during the second quarter valued at $28,000. Finally, Kozak & Associates Inc. bought a new stake in Chubb in the third quarter worth $29,000. 83.81% of the stock is owned by institutional investors.

Insider Transactions at Chubb

In other news, 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 owns 39,172 shares in the company, valued at approximately $11,261,558.28. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of Chubb 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 completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays assumed coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. JMP Securities increased their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Finally, Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Trading Up 0.4 %

Shares of CB stock opened at $286.41 on Tuesday. The company has a market cap of $115.45 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 6.65 and a beta of 0.67. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The stock’s 50 day simple moving average is $287.37 and its two-hundred day simple moving average is $274.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period last year, the company earned $4.95 earnings per share. Chubb’s revenue was up 5.5% on a year-over-year basis. Research analysts predict that Chubb Limited will post 21.77 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. Chubb’s dividend payout ratio is 14.91%.

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.