Concord Wealth Partners Acquires 1,775 Shares of Chubb Limited (NYSE:CB)

Concord Wealth Partners grew its stake in shares of Chubb Limited (NYSE:CB) by 36.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,676 shares of the financial services provider’s stock after buying 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 quarter.

Other large investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC purchased a new stake in Chubb during the 1st quarter valued at about $25,000. Beacon Capital Management LLC lifted its position in 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 purchasing an additional 42 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Chubb during the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb in the second quarter worth approximately $28,000. Finally, Wellington Shields Capital Management LLC purchased a new position in shares of Chubb in the first quarter worth $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CB shares. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JMP Securities restated a “market outperform” rating and set a $300.00 price target on shares of Chubb in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their price objective on Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price objective on Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $282.37.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on 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 completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,636 shares of company stock valued at $24,874,208. Insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.5 %

Shares of CB traded up $1.43 during mid-day trading on Monday, reaching $289.42. The company had a trading volume of 150,255 shares, compared to its average volume of 1,601,157. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $117.52 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The firm has a 50-day moving average price of $287.15 and a 200 day moving average price of $269.62. Chubb Limited has a 52 week low of $210.25 and a 52 week high of $302.05.

Chubb Announces Dividend

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

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.