Valmark Advisers Inc. Buys 690 Shares of Chubb Limited (NYSE:CB)

Valmark Advisers Inc. lifted its position in Chubb Limited (NYSE:CB) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,500 shares of the financial services provider’s stock after acquiring an additional 690 shares during the period. Valmark Advisers Inc.’s holdings in Chubb were worth $1,875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in Chubb during the 2nd quarter valued at about $963,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Chubb by 16.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock worth $19,448,000 after purchasing an additional 10,745 shares during the period. Edgestream Partners L.P. bought a new position in shares of Chubb during the first quarter valued at approximately $984,000. Leuthold Group LLC purchased a new position in shares of Chubb during the first quarter valued at approximately $3,033,000. Finally, Private Advisor Group LLC boosted its position in shares of Chubb by 21.2% in the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after purchasing an additional 2,250 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CB. Keefe, Bruyette & Woods raised their price objective on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. raised their price target on Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price target on shares of Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. JMP Securities restated a “market outperform” rating and set a $300.00 price objective on shares of Chubb in a research note on Tuesday, October 15th. Finally, Piper Sandler upped their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $282.37.

Chubb Stock Down 1.0 %

CB stock opened at $287.15 on Wednesday. The business’s 50-day moving average price is $287.78 and its 200-day moving average price is $270.23. The stock has a market cap of $116.60 billion, a P/E ratio of 12.75, a PEG ratio of 5.87 and a beta of 0.66. Chubb Limited has a twelve month low of $210.25 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.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued 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 1.27%. Chubb’s dividend payout ratio is presently 16.16%.

Insider Activity

In related news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. 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 worth $24,874,208 over the last ninety days. Corporate 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.