Chubb Limited (NYSE:CB) Shares Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. boosted its holdings in Chubb Limited (NYSE:CB) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,982 shares of the financial services provider’s stock after purchasing an additional 151 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Chubb were worth $1,437,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC boosted its stake in Chubb by 35.3% in the third quarter. Summit Trail Advisors LLC now owns 6,326 shares of the financial services provider’s stock valued at $1,830,000 after acquiring an additional 1,649 shares during the period. Wealth Dimensions Group Ltd. bought a new stake in shares of Chubb in the 3rd quarter worth approximately $225,000. Larson Financial Group LLC boosted its position in Chubb by 146.7% during the 3rd quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 336 shares during the period. Swedbank AB grew its stake in Chubb by 3.3% during the 3rd quarter. Swedbank AB now owns 259,288 shares of the financial services provider’s stock worth $74,776,000 after buying an additional 8,328 shares during the last quarter. Finally, KKM Financial LLC increased its position in Chubb by 6.7% in the third quarter. KKM Financial LLC now owns 9,780 shares of the financial services provider’s stock worth $2,820,000 after buying an additional 615 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value 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 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 6,599 shares of Chubb stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $287.06, for a total value of $1,894,308.94. Following the sale, the executive vice president now directly owns 84,101 shares of the company’s stock, valued at approximately $24,142,033.06. The trade was a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,715 shares of company stock valued at $23,803,540 over the last three months. 0.86% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CB shares. Bank of America raised their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JMP Securities raised their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company upped their target price on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Piper Sandler lifted their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Finally, Evercore ISI upped their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $287.37.

Chubb Trading Up 0.0 %

Chubb stock opened at $285.21 on Friday. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $114.97 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 6.65 and a beta of 0.67. The company has a 50 day moving average price of $287.46 and a 200 day moving average price of $274.42.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.95 earnings per share. Research analysts forecast that Chubb Limited will post 21.77 EPS for the current year.

Chubb Announces Dividend

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 issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. 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.