Concord Wealth Partners Has $1.93 Million Holdings in Chubb Limited (NYSE:CB)

Concord Wealth Partners lifted its position in shares of Chubb Limited (NYSE:CB) by 36.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,676 shares of the financial services provider’s stock after purchasing an additional 1,775 shares during the quarter. Concord Wealth Partners’ holdings in Chubb were worth $1,925,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CB. Beacon Capital Management LLC lifted its stake in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb in the 1st quarter worth about $25,000. Kozak & Associates Inc. bought a new position in Chubb in the 3rd quarter valued at about $29,000. Chilton Capital Management LLC acquired a new position in Chubb during the 2nd quarter valued at about $26,000. Finally, Wellington Shields Capital Management LLC bought a new stake in Chubb during the 1st quarter worth approximately $29,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CB shares. Bank of America raised their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price objective on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised their price target on shares of Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada upped their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $282.37.

Insider Buying and Selling

In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Michael G. Atieh sold 261 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

NYSE:CB traded up $1.43 during mid-day trading on Monday, hitting $289.42. 150,255 shares of the stock traded hands, compared to its average volume of 1,601,157. Chubb Limited has a 12-month low of $210.25 and a 12-month high of $302.05. 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 company has a market cap of $117.52 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The business’s 50-day moving average price is $287.15 and its 200 day moving average price is $269.62.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

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.