Financial Management Professionals Inc. Has $260,000 Position in Chubb Limited (NYSE:CB)

Financial Management Professionals Inc. lessened its stake in Chubb Limited (NYSE:CB) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 900 shares of the financial services provider’s stock after selling 52 shares during the quarter. Financial Management Professionals Inc.’s holdings in Chubb were worth $260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mcrae Capital Management Inc. raised its holdings in Chubb by 17.6% in the 3rd quarter. Mcrae Capital Management Inc. now owns 41,334 shares of the financial services provider’s stock valued at $11,921,000 after acquiring an additional 6,200 shares during the period. Goldstein Advisors LLC raised its stake in Chubb by 3.1% in the third quarter. Goldstein Advisors LLC now owns 2,475 shares of the financial services provider’s stock valued at $714,000 after purchasing an additional 74 shares in the last quarter. Clear Harbor Asset Management LLC lifted its holdings in shares of Chubb by 0.9% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 6,783 shares of the financial services provider’s stock worth $1,956,000 after acquiring an additional 60 shares during the period. Smith Salley Wealth Management raised its holdings in shares of Chubb by 2.1% during the 3rd quarter. Smith Salley Wealth Management now owns 9,157 shares of the financial services provider’s stock worth $2,641,000 after buying an additional 185 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Chubb by 13.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 354,484 shares of the financial services provider’s stock valued at $102,230,000 after purchasing an additional 41,713 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE:CB opened at $287.99 on Friday. The firm has a market cap of $116.94 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 5.87 and a beta of 0.66. Chubb Limited has a one year low of $207.46 and a one year high of $302.05. The firm’s fifty day moving average is $287.15 and its two-hundred day moving average is $269.47. 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 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 given a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last ninety days. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CB shares. Roth Mkm raised their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada raised their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Jefferies Financial Group upped their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley reduced their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb has an average 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.