Chubb Limited (NYSE:CB) Holdings Lifted by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Chubb Limited (NYSE:CB) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,721 shares of the financial services provider’s stock after acquiring an additional 619 shares during the period. Chubb comprises approximately 2.0% of Deroy & Devereaux Private Investment Counsel Inc.’s portfolio, making the stock its 10th largest position. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Chubb were worth $35,391,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CB. ORG Partners LLC purchased a new position in shares of Chubb during the second quarter worth approximately $963,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Chubb by 16.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock valued at $19,448,000 after purchasing an additional 10,745 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Chubb in the first quarter valued at about $984,000. Leuthold Group LLC acquired a new stake in shares of Chubb during the first quarter worth about $3,033,000. Finally, Private Advisor Group LLC boosted its stake in shares of Chubb by 21.2% during the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after buying an additional 2,250 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 in the last ninety days. Insiders own 0.86% of the company’s stock.

Chubb Stock Down 0.4 %

CB stock opened at $282.44 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The company’s 50 day simple moving average is $288.20 and its 200-day simple moving average is $270.41. Chubb Limited has a 12 month low of $212.82 and a 12 month high of $302.05. The firm has a market capitalization of $114.14 billion, a PE ratio of 11.57, a P/E/G ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings results 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 return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the business posted $4.95 earnings per share. Chubb’s revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.29%. Chubb’s dividend payout ratio is currently 14.91%.

Wall Street Analysts Forecast Growth

CB has been the subject of several analyst reports. Roth Mkm upped their price objective on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday. Jefferies Financial Group lifted their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays began coverage on shares of Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $286.47.

Chubb Company 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.