2,760 Shares in Chubb Limited $CB Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new position in shares of Chubb Limited (NYSE:CB) in the 3rd quarter, Holdings Channel reports. The firm purchased 2,760 shares of the financial services provider’s stock, valued at approximately $898,000.

A number of other large investors also recently modified their holdings of CB. IMG Wealth Management Inc. acquired a new stake in shares of Chubb in the 2nd quarter valued at $25,000. Dunhill Financial LLC acquired a new position in shares of Chubb during the second quarter worth $25,000. Parvin Asset Management LLC acquired a new position in shares of Chubb during the second quarter worth $26,000. Highland Investment Advisors LLC acquired a new position in shares of Chubb during the second quarter worth $26,000. Finally, Frazier Financial Advisors LLC increased its holdings in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other news, EVP Timothy Boroughs sold 13,596 shares of Chubb stock in a transaction on Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the transaction, the executive vice president directly owned 5,588 shares of the company’s stock, valued at $1,993,630.76. The trade was a 70.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Connors sold 5,500 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 32,985 shares of company stock worth $11,748,463. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating and set a $405.00 price target (up from $395.00) on shares of Chubb in a report on Wednesday, October 21st. HSBC reissued a “hold” rating and set a $359.00 price objective on shares of Chubb in a report on Wednesday, October 7th. UBS Group restated a “neutral” rating and issued a $380.00 target price on shares of Chubb in a report on Monday, October 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $333.00 target price on shares of Chubb in a research report on Wednesday, October 21st. Finally, Wells Fargo & Company lifted their price target on shares of Chubb from $343.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $362.78.

Chubb Stock Up 1.6%

Shares of NYSE CB opened at $369.34 on Wednesday. The stock has a market cap of $141.12 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.68 and a beta of 0.29. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Chubb Limited has a 52-week low of $288.39 and a 52-week high of $384.26. The business has a 50-day moving average price of $347.10 and a 200 day moving average price of $336.14.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping the consensus estimate of $6.77 by $0.89. The company had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same quarter in the previous year, the company posted $7.49 earnings per share. Equities research analysts forecast that Chubb Limited will post 28.89 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s dividend payout ratio is presently 14.28%.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.