Chubb Limited (NYSE:CB) Shares Acquired by Evermay Wealth Management LLC

Evermay Wealth Management LLC increased its holdings in Chubb Limited (NYSE:CB) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,639 shares of the financial services provider’s stock after acquiring an additional 49 shares during the quarter. Evermay Wealth Management LLC’s holdings in Chubb were worth $473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pathway Financial Advisers LLC acquired a new position in Chubb in the first quarter valued at $25,000. Beacon Capital Management LLC increased 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 during the period. Chilton Capital Management LLC purchased a new stake in Chubb during the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb during the 2nd quarter worth approximately $28,000. Finally, Wellington Shields Capital Management LLC purchased a new position in shares of Chubb in the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.0 %

Shares of NYSE:CB traded up $0.10 during trading on Wednesday, hitting $287.30. The company’s stock had a trading volume of 266,915 shares, compared to its average volume of 1,597,143. The stock’s 50-day moving average price is $287.78 and its two-hundred day moving average price is $270.23. Chubb Limited has a fifty-two week low of $212.82 and a fifty-two week high of $302.05. The company has a market capitalization of $116.66 billion, a PE ratio of 12.75, a PEG ratio of 5.87 and a beta of 0.66. 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 (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.93 by $0.79. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the business earned $4.95 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,636 shares of company stock worth $24,874,208. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price target on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Bank of America upped 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. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Roth Mkm boosted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley reduced their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $282.37.

Chubb 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.