Valley National Advisers Inc. Decreases Stock Holdings in Chubb Limited (NYSE:CB)

Valley National Advisers Inc. lowered its position in Chubb Limited (NYSE:CB) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,728 shares of the financial services provider’s stock after selling 247 shares during the period. Valley National Advisers Inc.’s holdings in Chubb were worth $1,363,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vicus Capital boosted its holdings in Chubb by 57.8% in the first quarter. Vicus Capital now owns 2,376 shares of the financial services provider’s stock worth $616,000 after acquiring an additional 870 shares in the last quarter. Diversified Trust Co boosted its stake in Chubb by 10.3% in the 1st quarter. Diversified Trust Co now owns 43,762 shares of the financial services provider’s stock worth $11,340,000 after purchasing an additional 4,092 shares in the last quarter. BKM Wealth Management LLC grew its position in Chubb by 6.3% during the 1st quarter. BKM Wealth Management LLC now owns 5,830 shares of the financial services provider’s stock worth $1,511,000 after purchasing an additional 343 shares during the last quarter. Hi Line Capital Management LLC increased its stake in Chubb by 1.4% during the 1st quarter. Hi Line Capital Management LLC now owns 37,083 shares of the financial services provider’s stock valued at $9,641,000 after purchasing an additional 517 shares in the last quarter. Finally, Talbot Financial LLC purchased a new position in shares of Chubb in the first quarter worth $13,074,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CB. Roth Mkm upped their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JMP Securities reissued a “market outperform” rating and issued a $300.00 price objective on shares of Chubb in a report on Tuesday, October 15th. Royal Bank of Canada lifted their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Piper Sandler increased their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $282.37.

Insiders Place Their Bets

In other news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Chubb news, insider John J. Lupica sold 15,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $29,676,685.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

Chubb Stock Down 2.0 %

Shares of CB opened at $287.99 on Friday. The firm has a market cap of $116.94 billion, a P/E ratio of 12.78, a PEG ratio of 5.87 and a beta of 0.66. Chubb Limited has a 12 month low of $207.46 and a 12 month high of $302.05. The stock’s 50 day moving average is $287.15 and its two-hundred day moving average is $269.47. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s payout ratio is presently 16.16%.

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.