L & S Advisors Inc Acquires New Stake in Chubb Limited (NYSE:CB)

L & S Advisors Inc acquired a new position in shares of Chubb Limited (NYSE:CB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 29,899 shares of the financial services provider’s stock, valued at approximately $8,623,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC bought a new stake in shares of Chubb during the 1st quarter worth approximately $25,000. Beacon Capital Management LLC grew its holdings in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC acquired a new stake in Chubb in the second quarter worth $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb in the second quarter worth $28,000. Finally, Kozak & Associates Inc. bought a new position in shares of Chubb in the third quarter valued at $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target 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. JPMorgan Chase & Co. boosted their price objective 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. JMP Securities boosted their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $287.37.

Insider Activity

In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Down 0.4 %

Shares of CB opened at $282.81 on Thursday. The stock has a fifty day simple moving average of $287.60 and a two-hundred day simple moving average of $273.95. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $114.00 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 6.62 and a beta of 0.67. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05.

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

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.29%. Chubb’s dividend payout ratio is presently 14.91%.

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.