Transamerica Financial Advisors Inc. Has $271,000 Stock Position in Chubb Limited (NYSE:CB)

Transamerica Financial Advisors Inc. grew its holdings in Chubb Limited (NYSE:CB) by 299.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 939 shares of the financial services provider’s stock after purchasing an additional 704 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Chubb were worth $271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC bought a new position in Chubb in the second quarter valued at approximately $963,000. Moloney Securities Asset Management LLC increased its holdings in Chubb by 97.9% during the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after buying an additional 1,905 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Chubb by 21.2% in the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock valued at $3,279,000 after purchasing an additional 2,250 shares during the last quarter. Raymond James & Associates lifted its holdings in Chubb by 2.9% during the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock worth $778,270,000 after purchasing an additional 87,059 shares during the last quarter. Finally, Savvy Advisors Inc. acquired a new position in shares of Chubb during the 3rd quarter worth approximately $721,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of several research analyst reports. 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 for the company. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. 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 report on Friday, October 4th. Bank of America upped their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $287.37.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 5.19 % 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, 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 transaction of $4,282,350.00. Following the completion of the transaction, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. The trade was a 12.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,715 shares of company stock worth $23,803,540 in the last 90 days. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

NYSE CB opened at $288.51 on Wednesday. The company’s 50 day simple moving average is $287.32 and its two-hundred day simple moving average is $275.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $116.30 billion, a PE ratio of 11.81, a P/E/G ratio of 6.65 and a beta of 0.67. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $4.95 EPS. Analysts predict that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, December 13th. Chubb’s payout ratio is presently 14.91%.

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.