GWN Securities Inc. Purchases Shares of 9,597 Chubb Limited $CB

GWN Securities Inc. acquired a new position in Chubb Limited (NYSE:CB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,597 shares of the financial services provider’s stock, valued at approximately $2,709,000.

Several other hedge funds also recently modified their holdings of CB. Sage Private Wealth Group LLC raised its position in Chubb by 8.4% in the 3rd quarter. Sage Private Wealth Group LLC now owns 1,895 shares of the financial services provider’s stock valued at $535,000 after buying an additional 147 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Chubb by 23.6% in the third quarter. Concurrent Investment Advisors LLC now owns 23,887 shares of the financial services provider’s stock valued at $6,742,000 after purchasing an additional 4,564 shares during the last quarter. Liberty One Investment Management LLC bought a new position in shares of Chubb during the third quarter valued at about $51,167,000. Polaris Capital Management LLC boosted its holdings in Chubb by 1.4% during the third quarter. Polaris Capital Management LLC now owns 105,949 shares of the financial services provider’s stock worth $29,904,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in Chubb by 2.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,693 shares of the financial services provider’s stock worth $3,300,000 after purchasing an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 2.0%

Shares of NYSE CB opened at $300.49 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $118.26 billion, a PE ratio of 12.54, a P/E/G ratio of 3.21 and a beta of 0.51. Chubb Limited has a one year low of $260.97 and a one year high of $316.94. The business’s fifty day moving average price is $302.25 and its 200-day moving average price is $285.63.

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

Chubb Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Cantor Fitzgerald reiterated a “neutral” rating on shares of Chubb in a research note on Wednesday, December 10th. Mizuho started coverage on Chubb in a research report on Monday, December 15th. They set a “neutral” rating and a $318.00 price target for the company. Wells Fargo & Company boosted their price objective on Chubb from $293.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Jefferies Financial Group upped their price objective on Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Finally, Citigroup lifted their target price on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $318.60.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 23,698 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider owned 90,600 shares in the company, valued at $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. In the last ninety days, insiders sold 57,333 shares of company stock valued at $16,629,873. Company insiders own 0.86% of the company’s stock.

About Chubb

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.