Pathway Financial Advisers LLC Boosts Position in Chubb Limited (NYSE:CB)

Pathway Financial Advisers LLC raised its position in shares of Chubb Limited (NYSE:CB) by 28,765.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Beacon Capital Management LLC raised its stake in shares of Chubb by 76.4% in the second 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 period. Chilton Capital Management LLC bought a new stake in Chubb during the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb during the second quarter valued at approximately $28,000. Wellington Shields Capital Management LLC bought a new position in shares of Chubb in the first quarter worth approximately $29,000. Finally, Kozak & Associates Inc. purchased a new stake in shares of Chubb in the third quarter worth $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 2.0 %

NYSE CB traded down $5.97 on Friday, hitting $287.99. 1,238,295 shares of the stock were exchanged, compared to its average volume of 1,608,166. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Limited has a 52-week low of $207.46 and a 52-week high of $302.05. The firm 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 stock has a fifty day moving average price of $287.15 and a two-hundred day moving average price of $269.32.

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

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued 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 1.26%. Chubb’s payout ratio is 16.16%.

Analysts Set New Price Targets

Several research analysts recently weighed in on CB shares. Morgan Stanley dropped their target price on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Barclays initiated coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. Bank of America lifted their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Roth Mkm lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $282.37.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 30,537 shares of the business’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 sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 86,636 shares of company stock valued at $24,874,208. Insiders own 0.86% of the company’s stock.

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.