The Manufacturers Life Insurance Company increased its stake in Chubb Limited (NYSE:CB – Get the Badge) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 731,423 shares of the financial services provider’s stock after acquiring an additional 30,594 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.18% of Chubb worth $133,105,000 at the end of the most recent period.
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Several other large investors have also recently bought and sold shares of CB. Enterprise Trust & Investment Co purchased a new position in Chubb in the second quarter valued at approximately $25,000. Heritage Financial Services LLC acquired a new position in shares of Chubb in the second quarter worth approximately $29,000. Crewe Advisors LLC acquired a new position in shares of Chubb in the second quarter worth approximately $32,000. Key Financial Inc raised its position in shares of Chubb by 76.2% in the second quarter. Key Financial Inc now owns 178 shares of the financial services provider’s stock valued at $35,000 after buying an additional 77 shares in the last quarter. Finally, FinTrust Capital Advisors LLC raised its position in shares of Chubb by 36.9% in the second quarter. FinTrust Capital Advisors LLC now owns 215 shares of the financial services provider’s stock worth $40,000 after buying an additional 58 shares during the last quarter. 87.12% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research studies have issued reports on CB shares. Raymond James upped their target price on shares of Chubb from $260.00 to $270.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 27th. MKM Partners increased their target price on shares of Chubb from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Morgan Stanley upped their target price on shares of Chubb from $216.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. Royal Bank of Canada boosted their target price on shares of Chubb from $230.00 to $250.00 and gave the stock a “hold” rating in a research report on Wednesday, December 14th. Finally, Atlantic Securities upgraded shares of Chubb from a “neutral” rating to an “overweight” rating and set a $240.00 price target on the stock in a research report on Tuesday, November 15th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a hold rating. give a strong sales pitch to the company. Based on data from MarketBeat.com, the stock has a rating of “Moderate Buy” and a target price of $242.33.
In other news, insider John J. Lupica sold 19,051 shares of the company’s stock in a transaction dated Wednesday, November 30th. The shares traded at an average price of $218.59, for a total transaction of $4,164,358.09. Following the purchase, the insider now owns 131,502 shares of the company’s stock, valued at $28,745,022.18. The deal was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. In news, Chief Executive Officer Evan G. Greenberg sold 24,049 shares of the firm’s stock in a transaction on Thursday, October 27. The stock was sold at an average price of $207.91, for a total is $5,000,027.59. Following the purchase, the CEO now directly owns 570,622 shares in the company, valued at $118,638,020.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 19,051 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The shares traded at an average price of $218.59, for a total transaction of $4,164,358.09. Following the purchase, the insider now owns 131,502 shares of the company’s stock, valued at $28,745,022.18. Information can be found for this purchase here. In the last 90 days, insiders sold 70,786 shares of company stock worth $14,975,790. Insiders own 0.39% of the company’s stock.
Chubb Stock Performance
Share of Chubb shares opens at $219.25 on Friday. Chubb Limited has a fifty-two week low of $173.78 and a fifty-two week high of $230.27. The company has a debt to equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $91.00 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.32 and a beta of 0.68. The company’s 50-day price is $217.71 and its two-hundred-day moving average is $201.53.
Chubb (NYSE:CB – Get the Badge) last issued its earnings results on Tuesday, October 25th. The financial services company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.15. . Chubb had a dividend yield of 14.70% and a return on equity of 11.89%. The company had revenue of $10.75 billion for the quarter, compared to analyst estimates of $10.71 billion. In the same quarter last year, the business posted $2.64 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that Chubb Limited will post 15.45 earnings per share for the current fiscal year.
Chubb Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Friday, December 16th were paid a dividend of $0.83 per share. The annual dividend is $3.32 and yields 1.51%. The distribution date is Thursday, December 15th. Chubb’s current payout ratio is 23.15%.
Chubb Limited is a global provider of insurance and reinsurance products. The company’s North America Commercial P&C Insurance division offers commercial property, casualty, workers’ compensation, insurance, risk management, financial lines, marine, construction, environmental, medical ‘i, online risk, certainty, and many risks; and accident and health insurance groups to large, medium, and small business enterprises.
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