Allworth Financial LP Buys 823 Shares of Chubb Limited (NYSE:CB)

Allworth Financial LP boosted its stake in shares of Chubb Limited (NYSE:CB) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,923 shares of the financial services provider’s stock after purchasing an additional 823 shares during the quarter. Allworth Financial LP’s holdings in Chubb were worth $2,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Country Club Bank lifted its holdings in shares of Chubb by 28.4% during the third quarter. Country Club Bank now owns 1,470 shares of the financial services provider’s stock worth $426,000 after buying an additional 325 shares in the last quarter. Busey Bank lifted its holdings in shares of Chubb by 11.2% during the third quarter. Busey Bank now owns 900 shares of the financial services provider’s stock worth $260,000 after buying an additional 91 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in shares of Chubb by 519.4% during the third quarter. Moody Lynn & Lieberson LLC now owns 10,034 shares of the financial services provider’s stock worth $2,894,000 after buying an additional 8,414 shares in the last quarter. West Michigan Advisors LLC lifted its holdings in shares of Chubb by 1.5% during the third quarter. West Michigan Advisors LLC now owns 10,062 shares of the financial services provider’s stock worth $2,911,000 after buying an additional 145 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC acquired a new stake in shares of Chubb during the third quarter worth $1,323,000. 83.81% of the stock is owned by institutional investors.

Insider Transactions at Chubb

In other news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated 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 directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $300.00 target price on shares of Chubb in a report on Tuesday, October 15th. Royal Bank of Canada lifted their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Bank of America boosted their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Wells Fargo & Company boosted their price target on Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group boosted their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus target price of $282.37.

Chubb Stock Performance

Chubb stock opened at $287.99 on Monday. The stock has a market cap of $116.94 billion, a PE ratio of 12.78, a P/E/G ratio of 5.87 and a beta of 0.66. 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 business’s 50-day moving average price is $287.15 and its two-hundred day moving average price is $269.62. Chubb Limited has a 12-month low of $207.46 and a 12-month high of $302.05.

Chubb Dividend Announcement

The company also recently declared 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. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, September 13th. 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.