Gladstone Institutional Advisory LLC Boosts Stake in Chubb Limited (NYSE:CB)

Gladstone Institutional Advisory LLC boosted its stake in Chubb Limited (NYSE:CB) by 336.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,805 shares of the financial services provider’s stock after acquiring an additional 8,332 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Chubb were worth $3,116,000 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 stock. Nadler Financial Group Inc. purchased a new position in shares of Chubb during the 3rd quarter worth $202,000. New York State Common Retirement Fund lifted its stake in shares of Chubb by 4.7% during the 3rd quarter. New York State Common Retirement Fund now owns 664,657 shares of the financial services provider’s stock worth $191,680,000 after purchasing an additional 29,811 shares during the period. Principal Securities Inc. lifted its stake in shares of Chubb by 2.0% during the 3rd quarter. Principal Securities Inc. now owns 11,274 shares of the financial services provider’s stock worth $3,251,000 after purchasing an additional 222 shares during the period. Stephens Inc. AR lifted its stake in shares of Chubb by 2.7% during the 3rd quarter. Stephens Inc. AR now owns 9,876 shares of the financial services provider’s stock worth $2,848,000 after purchasing an additional 260 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Chubb by 0.5% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 122,721 shares of the financial services provider’s stock worth $35,391,000 after purchasing an additional 619 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 1.8 %

Shares of Chubb stock opened at $277.41 on Friday. The business has a 50-day moving average of $288.23 and a 200-day moving average 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. The company has a market capitalization 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 1-year low of $215.54 and a 1-year high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $4.95 earnings per share. As a group, equities analysts forecast that Chubb Limited will post 21.42 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.31%. Chubb’s dividend payout ratio is presently 14.91%.

Insider Activity

In related news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction dated 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value 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 sold 86,636 shares of company stock worth $24,874,208 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CB. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday. Piper Sandler increased their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Jefferies Financial Group increased their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, JMP Securities increased their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.