Gilliland Jeter Wealth Management LLC Raises Stock Position in Chubb Limited (NYSE:CB)

Gilliland Jeter Wealth Management LLC grew its stake in Chubb Limited (NYSE:CB) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,739 shares of the financial services provider’s stock after purchasing an additional 182 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Chubb were worth $1,943,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Pathway Financial Advisers LLC purchased a new position in shares of Chubb in the first quarter worth about $25,000. Beacon Capital Management LLC grew its position in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in Chubb during the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb in the second quarter valued at $28,000. Finally, Wellington Shields Capital Management LLC purchased a new position in shares of Chubb in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 0.1 %

Shares of NYSE:CB opened at $301.66 on Monday. 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 firm’s 50-day simple moving average is $284.79 and its 200-day simple moving average is $268.09. The company has a market cap of $122.49 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 5.87 and a beta of 0.66. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.92 earnings per share. As a group, equities research analysts predict that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced 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 1.21%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, 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 legal filing with the SEC, which is available at this link. In related news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,636 shares of company stock valued at $24,874,208. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on CB shares. Roth Mkm lifted their price target on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company increased their price target on shares of Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Bank of America boosted their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of Chubb in a research report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $282.37.

About Chubb

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.