Avestar Capital LLC Has $811,000 Stock Holdings in Chubb Limited (NYSE:CB)

Avestar Capital LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 5.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,812 shares of the financial services provider’s stock after purchasing an additional 140 shares during the period. Avestar Capital LLC’s holdings in Chubb were worth $811,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Beacon Capital Management LLC increased its stake in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in Chubb in the first quarter worth $25,000. Kozak & Associates Inc. acquired a new position in Chubb during the third quarter worth $29,000. Chilton Capital Management LLC bought a new position in Chubb during the second quarter valued at about $26,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb during the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares of the company’s stock, valued at $29,676,685.50. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,715 shares of company stock worth $23,803,540. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

NYSE:CB opened at $288.51 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $116.30 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 6.65 and a beta of 0.67. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05. The company’s 50-day moving average price is $287.32 and its two-hundred day moving average price is $275.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the previous year, the business earned $4.95 EPS. Chubb’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Chubb Limited will post 21.77 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio is presently 14.91%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CB shares. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Morgan Stanley boosted their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their target price on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Jefferies Financial Group upped their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Evercore ISI increased their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $287.37.

Chubb 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.