780 Shares in Chubb Limited $CB Acquired by Accuvest Global Advisors

Accuvest Global Advisors acquired a new position in Chubb Limited (NYSE:CB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 780 shares of the financial services provider’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. North Capital Inc. acquired a new position in shares of Chubb in the first quarter worth approximately $26,000. IMA Advisory Services Inc. bought a new position in shares of Chubb during the 1st quarter worth approximately $31,000. 1248 Management LLC bought a new position in shares of Chubb during the 1st quarter worth approximately $31,000. WPG Advisers LLC bought a new position in shares of Chubb during the 1st quarter worth approximately $33,000. Finally, Maseco LLP bought a new position in shares of Chubb during the 2nd quarter worth approximately $35,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CB. JPMorgan Chase & Co. increased their price target on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, October 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $283.00 price objective on shares of Chubb in a report on Thursday, October 23rd. Morgan Stanley dropped their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $300.00 target price on shares of Chubb in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $307.79.

Chubb Price Performance

Shares of NYSE:CB opened at $277.13 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The stock’s 50 day moving average is $277.80 and its 200-day moving average is $280.64. The firm has a market capitalization of $109.07 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.74 and a beta of 0.54.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same period in the prior year, the firm earned $5.72 earnings per share. Chubb’s revenue for the quarter was up 7.5% on a year-over-year basis. Sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio is 16.19%.

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.