Chubb Limited (NYSE:CB) Shares Sold by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV cut its position in shares of Chubb Limited (NYSE:CB) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,065 shares of the financial services provider’s stock after selling 138 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Chubb were worth $1,461,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CB. ORG Partners LLC purchased a new position in Chubb during the 2nd quarter valued at about $963,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Chubb by 16.7% in the 1st 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 buying an additional 10,745 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Chubb in the 1st quarter valued at approximately $984,000. Leuthold Group LLC acquired a new stake in Chubb during the 1st quarter valued at $3,033,000. Finally, Private Advisor Group LLC increased its position in 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 in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. 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 this link. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were 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. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 in the last three months. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

Chubb stock opened at $277.41 on Friday. The company has a market cap of $112.11 billion, a PE ratio of 11.36, a P/E/G ratio of 5.86 and a beta of 0.66. Chubb Limited has a 12 month low of $215.54 and a 12 month high of $302.05. The company has a fifty day moving average price of $288.23 and a two-hundred day moving average price of $270.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.31.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.95 earnings per share. Research analysts expect that Chubb Limited will post 21.42 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

Analysts Set New Price Targets

A number of analysts recently commented on CB shares. Evercore ISI increased their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their price target on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank of Canada raised their price objective on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Wells Fargo & Company dropped their target price on Chubb from $269.00 to $266.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, JMP Securities lifted their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $287.26.

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.