Chubb Limited (NYSE:CB) Shares Purchased by Empirical Asset Management LLC

Empirical Asset Management LLC boosted its stake in Chubb Limited (NYSE:CB) by 9.1% in the 3rd quarter, Holdings Channel reports. The firm owned 17,214 shares of the financial services provider’s stock after purchasing an additional 1,443 shares during the period. Empirical Asset Management LLC’s holdings in Chubb were worth $4,964,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC increased its holdings in 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 purchasing an additional 42 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Chubb in the first quarter worth $25,000. Chilton Capital Management LLC acquired a new position in shares of Chubb in the second quarter worth $26,000. Wellington Shields Capital Management LLC acquired a new position in shares of Chubb in the first quarter worth $29,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Chubb in the second quarter worth $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction that occurred on 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 owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction that occurred on 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 owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 in the last quarter. Insiders own 0.86% of the company’s stock.

Chubb Trading Down 0.0 %

Shares of Chubb stock traded down $0.14 during trading hours on Monday, hitting $286.69. The company’s stock had a trading volume of 58,484 shares, compared to its average volume of 1,617,234. The business has a fifty day moving average of $282.13 and a 200 day moving average of $266.78. The company has a market capitalization of $116.41 billion, a PE ratio of 12.73, a P/E/G ratio of 5.87 and a beta of 0.66. Chubb Limited has a 1-year low of $205.64 and a 1-year high of $294.18. 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 issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $4.92 EPS. As a group, equities analysts forecast that Chubb Limited will post 21.32 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. Chubb’s dividend payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. JMP Securities lifted their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Roth Mkm lifted their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley reduced their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Two equities 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $282.37.

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.