Chubb Limited (NYSE:CB) Shares Bought by Csenge Advisory Group

Csenge Advisory Group boosted its holdings in shares of Chubb Limited (NYSE:CBFree Report) by 17.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,121 shares of the financial services provider’s stock after buying an additional 930 shares during the quarter. Csenge Advisory Group’s holdings in Chubb were worth $1,274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC raised its holdings in shares of Chubb by 8.8% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 2,598 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 210 shares in the last quarter. Banque Cantonale Vaudoise grew its position in shares of Chubb by 10.0% in the 2nd quarter. Banque Cantonale Vaudoise now owns 14,287 shares of the financial services provider’s stock valued at $2,752,000 after buying an additional 1,300 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. grew its position in shares of Chubb by 4.4% in the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 13,501 shares of the financial services provider’s stock valued at $2,588,000 after buying an additional 564 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of Chubb by 22.1% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,423 shares of the financial services provider’s stock valued at $852,000 after buying an additional 800 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Chubb by 8.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 40,001 shares of the financial services provider’s stock valued at $7,703,000 after buying an additional 3,127 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 0.2 %

Shares of NYSE:CB opened at $228.25 on Thursday. The company has a market cap of $93.12 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.11 and a beta of 0.61. The firm’s 50-day simple moving average is $224.46 and its 200-day simple moving average is $211.93. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.24. Chubb Limited has a fifty-two week low of $183.40 and a fifty-two week high of $232.28.

Chubb (NYSE:CBGet Free Report) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $4.95 EPS for the quarter, beating the consensus estimate of $4.21 by $0.74. Chubb had a net margin of 14.58% and a return on equity of 14.26%. The firm had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.16 billion. As a group, equities research analysts predict that Chubb Limited will post 19.27 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, December 14th. Chubb’s dividend payout ratio (DPR) is 20.32%.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent analyst reports. StockNews.com raised shares of Chubb from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. JPMorgan Chase & Co. downgraded shares of Chubb from an “overweight” rating to a “neutral” rating and set a $250.00 target price on the stock. in a research report on Monday, October 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $250.00 target price on shares of Chubb in a research report on Wednesday. Jefferies Financial Group dropped their target price on shares of Chubb from $217.00 to $215.00 in a research report on Friday, October 6th. Finally, HSBC assumed coverage on shares of Chubb in a research report on Thursday, December 28th. They set a “buy” rating and a $263.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Chubb has a consensus rating of “Moderate Buy” and a consensus target price of $242.53.

Read Our Latest Research Report on CB

Insider Activity at Chubb

In related news, EVP Juan Luis Ortega sold 1,508 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $218.63, for a total value of $329,694.04. Following the completion of the sale, the executive vice president now owns 49,940 shares in the company, valued at $10,918,382.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 1,508 shares of Chubb stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $218.63, for a total transaction of $329,694.04. Following the completion of the transaction, the executive vice president now owns 49,940 shares in the company, valued at $10,918,382.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John J. Lupica sold 17,810 shares of Chubb stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $218.76, for a total transaction of $3,896,115.60. Following the transaction, the insider now owns 136,239 shares of the company’s stock, valued at approximately $29,803,643.64. The disclosure for this sale can be found here. Insiders sold 37,128 shares of company stock worth $8,121,925 over the last 90 days. Company insiders own 0.37% of the company’s stock.

Chubb Company Profile

(Free Report)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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