Goldstein Advisors LLC Buys 74 Shares of Chubb Limited (NYSE:CB)

Goldstein Advisors LLC raised its stake in Chubb Limited (NYSE:CB) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,475 shares of the financial services provider’s stock after buying an additional 74 shares during the quarter. Goldstein Advisors LLC’s holdings in Chubb were worth $714,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CB shares. Royal Bank of Canada boosted their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Morgan Stanley lowered their target price on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Barclays began coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective on the stock. Roth Mkm upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $282.37.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’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 sale, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by insiders.

Chubb Trading Down 2.0 %

CB opened at $287.99 on Friday. Chubb Limited has a twelve month low of $207.46 and a twelve month high of $302.05. The company has a 50-day simple moving average of $287.15 and a 200 day simple moving average of $269.47. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $116.94 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 5.87 and a beta of 0.66.

Chubb Dividend Announcement

The company also recently disclosed 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 of this dividend was Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.26%. Chubb’s dividend payout ratio is 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.