The Manufacturers Life Insurance Company Buys 30,594 Shares Of Chubb Limited (NYSE:CB)

The Manufacturers Life Insurance Company increased its stake in Chubb Limited (NYSE:CBGet 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.

→ Home Market Almost Drops 20% (From Weiss Ratings)pixels

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.

Internal Activities

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:CBGet 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 Information

(Get the Badge)

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.

Read more

Want to see what other firewalls CB holds? Visit HoldingsChannel.com Get the latest 13F filings and trades for Chubb Limited (NYSE:CBGet the Badge).

Corporate Governance by Quarter for Chubb (NYSE:CB)

This news update is created by the technology science and financial experts from MarketBeat in order to provide readers with the fastest and most accurate information. zero. This story was reviewed by MarketBeat editors prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Chubb, you want to hear this.

MarketBeat ranks Wall Street’s top and best-performing stock analysts and stocks they recommend to their clients. on a daily basis. MarketBeat reports the five shares top analysts are quietly whispering to their clients to buy now before the general market hits…and Chubb isn’t even on the list.

While Chubb currently has a “Moderate Buy” rating among analysts, the top five analysts believe the stock is an overbuy.

See the Five Stocks Here

Another move by Elon Musk

Wondering when you can invest in SpaceX, StarLink or The Boring Company? Click the link below to find out if Elon Musk will allow these companies to eventually IPO.

Get The Report Free

Elon Musk's Next Move Cover

Leave a Comment