Prospera Private Wealth LLC Invests $127,000 in Chubb Limited (NYSE:CB)

Prospera Private Wealth LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) during the third quarter, Holdings Channel reports. The firm acquired 442 shares of the financial services provider’s stock, valued at approximately $127,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its holdings in shares of 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 buying an additional 42 shares during the period. Pathway Financial Advisers LLC bought a new stake in Chubb during the first quarter worth approximately $25,000. Kozak & Associates Inc. acquired a new position in Chubb in the third quarter worth approximately $29,000. Chilton Capital Management LLC bought a new position in shares of Chubb in the second quarter valued at $26,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Chubb during the 2nd quarter valued at $32,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of a number of recent analyst reports. Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. JMP Securities upped their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley raised their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Barclays assumed coverage on shares of Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Finally, Jefferies Financial Group raised their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $287.37.

Chubb Trading Up 0.9 %

Shares of NYSE CB opened at $285.35 on Friday. The business has a 50 day simple moving average of $287.54 and a 200 day simple moving average of $274.03. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05. The stock has a market cap of $115.02 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 6.62 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last announced its quarterly 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 net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the prior year, the business posted $4.95 EPS. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts predict that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s dividend payout ratio is currently 14.91%.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. This represents a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is owned by corporate insiders.

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.