106 Shares in Chubb Limited (NYSE:CB) Acquired by Truvestments Capital LLC

Truvestments Capital LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) in the third quarter, Holdings Channel.com reports. The fund purchased 106 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other institutional investors have also recently bought and sold shares of CB. Ameriprise Financial Inc. lifted its position in shares of Chubb by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock worth $1,258,202,000 after purchasing an additional 63,891 shares in the last quarter. Legal & General Group Plc lifted its holdings in Chubb by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock worth $938,663,000 after buying an additional 104,986 shares in the last quarter. Raymond James & Associates boosted its position in Chubb by 2.9% in the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock valued at $778,270,000 after buying an additional 87,059 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Chubb by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock valued at $586,207,000 after buying an additional 160,335 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Chubb by 0.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,428,357 shares of the financial services provider’s stock worth $364,345,000 after acquiring an additional 8,215 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at $11,261,558.28. The trade was a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,715 shares of company stock valued at $23,803,540 over the last three months. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CB. Jefferies Financial Group raised their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company upped their target price on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $287.37.

Chubb Stock Performance

Shares of CB stock opened at $290.34 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05. The company’s 50 day moving average price is $287.34 and its two-hundred day moving average price is $275.26. The company has a market capitalization of $117.04 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 6.68 and a beta of 0.67.

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

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s dividend payout ratio (DPR) is 14.91%.

Chubb 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.