Chubb Limited (NYSE:CB) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC cut its holdings in shares of Chubb Limited (NYSE:CB) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,451 shares of the financial services provider’s stock after selling 42 shares during the period. Foundations Investment Advisors LLC’s holdings in Chubb were worth $418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC increased its holdings in shares of Chubb by 2.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 4,002 shares of the financial services provider’s stock valued at $1,037,000 after purchasing an additional 84 shares during the period. Vicus Capital raised its position in shares of Chubb by 57.8% during the 1st quarter. Vicus Capital now owns 2,376 shares of the financial services provider’s stock worth $616,000 after buying an additional 870 shares in the last quarter. Legend Financial Advisors Inc. lifted its stake in shares of Chubb by 48.1% in the 1st quarter. Legend Financial Advisors Inc. now owns 154 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 50 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of Chubb by 1.3% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 7,476 shares of the financial services provider’s stock valued at $1,937,000 after acquiring an additional 97 shares in the last quarter. Finally, Brown Miller Wealth Management LLC increased its stake in shares of Chubb by 4.0% during the first quarter. Brown Miller Wealth Management LLC now owns 12,610 shares of the financial services provider’s stock valued at $3,267,000 after acquiring an additional 482 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Stock Down 2.0 %

CB stock opened at $287.99 on Friday. The company has a 50 day moving average of $286.86 and a two-hundred day moving average of $269.08. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $207.46 and a 12-month high of $302.05. The company has a market cap of $116.94 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter last year, the firm earned $4.92 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were paid a $0.91 dividend. The ex-dividend date 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%.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Chubb news, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. This trade 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 the SEC website. Also, 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 value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,636 shares of company stock worth $24,874,208. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Bank of America lifted their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their target price on shares of Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lifted 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. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average target price 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.