Private Advisor Group LLC Acquires 3,694 Shares of Chubb Limited (NYSE:CB)

Private Advisor Group LLC increased its holdings in Chubb Limited (NYSE:CB) by 28.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,547 shares of the financial services provider’s stock after acquiring an additional 3,694 shares during the quarter. Private Advisor Group LLC’s holdings in Chubb were worth $4,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Pictet North America Advisors SA increased its stake in shares of Chubb by 3.2% in the 3rd quarter. Pictet North America Advisors SA now owns 10,588 shares of the financial services provider’s stock worth $3,053,000 after acquiring an additional 328 shares in the last quarter. Waldron Private Wealth LLC increased its stake in shares of Chubb by 5.7% in the 3rd quarter. Waldron Private Wealth LLC now owns 2,929 shares of the financial services provider’s stock worth $845,000 after acquiring an additional 159 shares in the last quarter. Eastern Bank purchased a new stake in Chubb during the 3rd quarter valued at about $1,090,000. Signaturefd LLC grew its position in Chubb by 1.7% during the 3rd quarter. Signaturefd LLC now owns 5,855 shares of the financial services provider’s stock valued at $1,688,000 after purchasing an additional 100 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Chubb by 204.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 21,347 shares of the financial services provider’s stock valued at $6,157,000 after purchasing an additional 14,340 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on CB shares. Bank of America increased their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Barclays started coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Piper Sandler increased their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $282.37.

Chubb Price Performance

Shares of NYSE:CB opened at $287.99 on Friday. The firm’s 50 day moving average price is $287.15 and its 200-day moving average price is $269.32. Chubb Limited has a twelve month low of $207.46 and a twelve month high of $302.05. 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 $116.94 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, September 13th. Chubb’s payout ratio is 16.16%.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the firm’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 transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the firm’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 transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the firm’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 transaction of $75,034.89. Following the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

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.