Worth Financial Advisory Group LLC Purchases 155 Shares of Chubb Limited (NYSE:CB)

Worth Financial Advisory Group LLC grew its position in shares of Chubb Limited (NYSE:CB) by 6.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,591 shares of the financial services provider’s stock after buying an additional 155 shares during the quarter. Worth Financial Advisory Group LLC’s holdings in Chubb were worth $747,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CB. Beacon Capital Management LLC lifted its position in Chubb by 76.4% during 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 in the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Chubb during the first quarter worth approximately $25,000. Kozak & Associates Inc. bought a new stake in shares of Chubb during the third quarter valued at approximately $29,000. Chilton Capital Management LLC acquired a new stake in shares of Chubb in the second quarter valued at approximately $26,000. Finally, Wellington Shields Capital Management LLC bought a new position in Chubb in the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $300.00 price objective on shares of Chubb in a research report on Tuesday, October 15th. Piper Sandler lifted their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Wells Fargo & Company boosted their price objective on Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Jefferies Financial Group raised their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Barclays began coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $282.37.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The stock was 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 approximately $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 worth $24,874,208. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

CB stock opened at $290.02 on Tuesday. Chubb Limited has a 1-year low of $210.25 and a 1-year high of $302.05. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The firm has a market cap of $117.77 billion, a PE ratio of 12.87, a P/E/G ratio of 5.87 and a beta of 0.66. The business’s 50-day moving average price is $287.47 and its two-hundred day moving average price is $269.94.

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 issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Chubb Profile

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.