Chubb Limited (NYSE:CB) Shares Bought by X Square Capital LLC

X Square Capital LLC raised its stake in Chubb Limited (NYSE:CB) by 7.4% during the third quarter, Holdings Channel reports. The firm owned 3,393 shares of the financial services provider’s stock after purchasing an additional 233 shares during the period. X Square Capital LLC’s holdings in Chubb were worth $979,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CB. Sound Income Strategies LLC boosted its holdings in shares of Chubb by 759.3% in the 1st quarter. Sound Income Strategies LLC now owns 232 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 205 shares during the last quarter. Aspiriant LLC boosted its holdings in shares of Chubb by 7.2% in the 1st quarter. Aspiriant LLC now owns 1,047 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 70 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Chubb by 2.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,002 shares of the financial services provider’s stock valued at $1,037,000 after acquiring an additional 84 shares during the period. Thrive Wealth Management LLC purchased a new position in shares of Chubb in the 1st quarter valued at $212,000. Finally, Transform Wealth LLC raised its stake in shares of Chubb by 4.3% in the 1st quarter. Transform Wealth LLC now owns 34,805 shares of the financial services provider’s stock valued at $9,048,000 after acquiring an additional 1,427 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In other news, CEO Evan G. Greenberg sold 30,318 shares of Chubb 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 completion of the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. 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 completion of the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 86,636 shares of company stock valued at $24,874,208. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Wells Fargo & Company raised their target price on shares of Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. JMP Securities reissued a “market outperform” rating and issued a $300.00 target price on shares of Chubb in a research note on Tuesday, October 15th. Finally, Roth Mkm lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $282.37.

Chubb Price Performance

Shares of CB stock opened at $295.00 on Thursday. The firm has a market cap of $119.79 billion, a P/E ratio of 13.09, a P/E/G ratio of 5.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Limited has a 1-year low of $207.46 and a 1-year high of $302.05. The firm has a fifty day moving average of $286.43 and a two-hundred day moving average of $268.90.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same period in the previous year, the business posted $4.92 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, research analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Friday, September 13th. 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.