Chubb Limited (NYSE:CB) Shares Acquired by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC increased its position in shares of Chubb Limited (NYSE:CB) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 25,056 shares of the financial services provider’s stock after acquiring an additional 455 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Chubb were worth $7,226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CB. Pathway Financial Advisers LLC purchased a new stake in Chubb in the first quarter valued at $25,000. Beacon Capital Management LLC increased its position in shares of 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 purchasing an additional 42 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in Chubb in the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb in the second quarter valued at about $28,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in Chubb during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CB. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Barclays initiated coverage on Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Roth Mkm boosted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $280.22.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, 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 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 approximately $160,341,094.40. 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 can be accessed through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction 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 approximately $12,187,213.92. This trade represents a 0.00 % decrease in their position. 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. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB traded up $3.21 during trading on Wednesday, reaching $283.17. The company had a trading volume of 216,206 shares, compared to its average volume of 1,627,121. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $205.64 and a twelve month high of $294.18. The stock has a 50-day moving average price of $281.42 and a two-hundred day moving average price of $266.19. The stock has a market capitalization of $114.98 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last announced its 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. 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 the consensus estimate of $13.04 billion. During the same quarter in the previous year, the company posted $4.92 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts predict that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.29%. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Chubb Company 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.