Stratos Wealth Advisors LLC Buys Shares of 874 Chubb Limited (NYSE:CB)

Stratos Wealth Advisors LLC bought a new stake in Chubb Limited (NYSE:CB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 874 shares of the financial services provider’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new position in Chubb in the first quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its position in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC acquired a new position in shares of Chubb during the second quarter worth approximately $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb during the second quarter worth approximately $28,000. Finally, Wellington Shields Capital Management LLC acquired a new position in shares of Chubb during the first quarter worth approximately $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $297.11 on Wednesday. The business’s fifty day moving average is $285.98 and its two-hundred day moving average is $268.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Limited has a 1 year low of $205.64 and a 1 year high of $302.05. The stock has a market capitalization of $120.64 billion, a P/E ratio of 13.19, a P/E/G ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.92 earnings per share. On average, research analysts forecast that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.23%. Chubb’s payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CB shares. Roth Mkm boosted their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Jefferies Financial Group boosted their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Piper Sandler boosted their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. JMP Securities reissued a “market outperform” rating and set a $300.00 target price on shares of Chubb in a report on Tuesday, October 15th. Finally, Barclays assumed coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $282.37.

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.