Altfest L J & Co. Inc. Increases Stock Holdings in Chubb Limited $CB

Altfest L J & Co. Inc. grew its stake in shares of Chubb Limited (NYSE:CB) by 437.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,688 shares of the financial services provider’s stock after purchasing an additional 3,815 shares during the quarter. Altfest L J & Co. Inc.’s holdings in Chubb were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Mitchell & Pahl Private Wealth LLC lifted its position in Chubb by 0.5% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after acquiring an additional 35 shares during the last quarter. Rise Advisors LLC grew its holdings in shares of Chubb by 4.6% during the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 37 shares during the last quarter. Sky Investment Group LLC increased its position in shares of Chubb by 1.6% during the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 38 shares in the last quarter. Evermay Wealth Management LLC lifted its holdings in shares of Chubb by 2.3% in the 2nd quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 38 shares during the last quarter. Finally, JT Stratford LLC lifted its holdings in shares of Chubb by 3.5% in the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the sale, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the sale, the executive vice president owned 12,660 shares in the company, valued at $3,749,512.20. The trade was a 45.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 57,333 shares of company stock worth $16,629,873. 0.77% of the stock is owned by corporate insiders.

Chubb Trading Down 0.7%

NYSE CB opened at $310.08 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $122.03 billion, a P/E ratio of 12.94, a P/E/G ratio of 3.27 and a beta of 0.51. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $315.08. The firm has a 50-day moving average price of $298.16 and a 200 day moving average price of $284.45.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.72 EPS. Equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio is currently 16.19%.

Analyst Ratings Changes

CB has been the topic of a number of research reports. Jefferies Financial Group raised their price target on Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Wolfe Research raised their target price on shares of Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a report on Monday, November 24th. The Goldman Sachs Group reiterated a “neutral” rating and set a $309.00 price target on shares of Chubb in a research note on Monday, October 27th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average target price of $311.90.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.