U.S. Capital Wealth Advisors LLC Raises Stake in Chubb Limited (NYSE:CB)

U.S. Capital Wealth Advisors LLC increased its holdings in Chubb Limited (NYSE:CB) by 14.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,636 shares of the financial services provider’s stock after purchasing an additional 2,102 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Chubb were worth $4,798,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. TFG Advisers LLC grew its position in Chubb by 2.3% during the 3rd quarter. TFG Advisers LLC now owns 7,204 shares of the financial services provider’s stock worth $2,078,000 after acquiring an additional 161 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Chubb by 1.3% during the third quarter. Greenleaf Trust now owns 18,517 shares of the financial services provider’s stock valued at $5,340,000 after purchasing an additional 237 shares during the period. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Chubb by 95.6% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 5,201 shares of the financial services provider’s stock worth $1,500,000 after purchasing an additional 2,542 shares during the last quarter. Meadow Creek Wealth Advisors LLC increased its stake in shares of Chubb by 2.5% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 4,226 shares of the financial services provider’s stock worth $1,219,000 after buying an additional 103 shares during the period. Finally, Private Advisor Group LLC raised its holdings in Chubb by 28.7% during the 3rd quarter. Private Advisor Group LLC now owns 16,547 shares of the financial services provider’s stock valued at $4,772,000 after buying an additional 3,694 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective 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. Morgan Stanley lowered their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their price objective on Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Roth Mkm upped their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Bank of America lifted their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $282.37.

Insider Transactions at Chubb

In other news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on 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 directly owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Down 0.7 %

CB stock traded down $1.94 on Wednesday, reaching $295.17. 205,403 shares of the company traded hands, compared to its average volume of 1,608,663. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a fifty day simple moving average of $285.98 and a 200-day simple moving average of $268.72. Chubb Limited has a one year low of $207.46 and a one year high of $302.05. The company has a market cap of $119.86 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the company earned $4.92 earnings per share. Research analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.23%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

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.