Intergy Private Wealth LLC Makes New Investment in Chubb Limited (NYSE:CB)

Intergy Private Wealth LLC acquired a new position in shares of Chubb Limited (NYSE:CB) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 710 shares of the financial services provider’s stock, valued at approximately $205,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC boosted its holdings in shares of Chubb by 12.8% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 1,800 shares of the financial services provider’s stock valued at $519,000 after buying an additional 204 shares during the period. Kozak & Associates Inc. acquired a new position in shares of Chubb in the 3rd quarter valued at about $29,000. Vista Investment Partners LLC boosted its holdings in shares of Chubb by 1.0% in the 3rd quarter. Vista Investment Partners LLC now owns 12,231 shares of the financial services provider’s stock valued at $3,527,000 after buying an additional 124 shares during the period. Trust Co. of Vermont lifted its position in Chubb by 0.9% in the 3rd quarter. Trust Co. of Vermont now owns 20,559 shares of the financial services provider’s stock valued at $5,929,000 after purchasing an additional 191 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its position in Chubb by 4.7% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,819 shares of the financial services provider’s stock valued at $2,543,000 after purchasing an additional 397 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Down 0.6 %

CB traded down $1.71 on Friday, reaching $300.18. 325,547 shares of the company traded hands, compared to its average volume of 1,611,856. The stock’s 50 day moving average price is $284.16 and its 200-day moving average price is $267.61. Chubb Limited has a 52-week low of $205.64 and a 52-week high of $302.05. The company has a market cap of $121.89 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 5.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the previous year, the firm posted $4.92 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts expect that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 over the last ninety days. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

CB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. JMP Securities restated a “market outperform” rating and set a $300.00 price target on shares of Chubb in a research report on Tuesday. Barclays initiated coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Jefferies Financial Group boosted their price target on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $282.37.

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.