Steigerwald Gordon & Koch Inc. Has $647,000 Position in Chubb Limited (NYSE:CB)

Steigerwald Gordon & Koch Inc. increased its holdings in shares of Chubb Limited (NYSE:CB) by 5.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,245 shares of the financial services provider’s stock after purchasing an additional 118 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in Chubb were worth $647,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CB. Pathway Financial Advisers LLC acquired a new position in Chubb during the first quarter valued at approximately $25,000. Beacon Capital Management LLC raised its holdings in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC bought a new position in Chubb during the second quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb in the second quarter valued at approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb during the 4th quarter worth approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.9 %

CB traded up $2.54 during trading on Thursday, reaching $285.37. 267,616 shares of the stock traded hands, compared to its average volume of 1,625,342. The stock’s 50-day moving average is $281.56 and its 200 day moving average is $266.30. Chubb Limited has a 12 month low of $205.64 and a 12 month high of $294.18. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $115.88 billion, a PE ratio of 12.71, a P/E/G ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.92 earnings per share. Equities analysts anticipate that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Announces Dividend

The business 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. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb’s dividend payout ratio is currently 16.16%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Piper Sandler increased their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Morgan Stanley decreased their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Jefferies Financial Group upped their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday. Bank of America cut shares of Chubb from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from $264.00 to $275.00 in a research note on Friday, October 4th. Finally, Wells Fargo & Company increased their target price on shares of Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two 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 issued a strong buy rating to the company. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and an average target price of $281.74.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. In other news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now 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 disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 in the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

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.