Valeo Financial Advisors LLC Buys 10,671 Shares of Chubb Limited $CB

Key Points

• Valeo Financial Advisors increased its Chubb stake by 292.3% in the third quarter, adding 10,671 shares for a total holding of 14,322 shares valued at approximately $4.66 million. Institutional investors and hedge funds own 83.81% of Chubb.
• Analyst sentiment is mixed, with one Strong Buy, eight Buy, twelve Hold, and one Sell rating. MarketBeat reports an average rating of “Hold” and an average price target of $359, compared with a recent share price of $342.89.
• Chubb reported quarterly EPS of $7.26, exceeding estimates of $6.77, while revenue rose 3.6% year over year. The company also pays a quarterly dividend of $1.02 per share, equivalent to a 1.2% annualized yield.

Valeo Financial Advisors LLC raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 292.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,322 shares of the financial services provider's stock after acquiring an additional 10,671 shares during the quarter. Valeo Financial Advisors LLC's holdings in Chubb were worth $4,658,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. acquired a new position in Chubb in the second quarter worth about $25,000. Dunhill Financial LLC bought a new position in Chubb during the 2nd quarter worth approximately $25,000. Parvin Asset Management LLC acquired a new position in shares of Chubb in the 2nd quarter worth approximately $26,000. Highland Investment Advisors LLC acquired a new position in shares of Chubb in the 2nd quarter worth approximately $26,000. Finally, Frazier Financial Advisors LLC increased its holdings in shares of Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 38 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on CB. Citizens Jmp restated a "market outperform" rating and set a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Weiss Ratings cut shares of Chubb from a "buy (a-)" rating to a "buy (b)" rating in a report on Friday, October 2nd. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $340.00 to $370.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Mizuho lowered their price objective on shares of Chubb from $347.00 to $336.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Evercore reissued an "outperform" rating and issued a $374.00 target price on shares of Chubb in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Chubb has an average rating of "Hold" and an average target price of $359.00.

Insider Transactions at Chubb

In other Chubb news, EVP Joseph Wayland sold 8,502 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares of the company's stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director owned 12,803 shares in the company, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by insiders.

Chubb Stock Performance

CB traded up $8.19 during trading hours on Thursday, hitting $342.89. The company's stock had a trading volume of 428,055 shares, compared to its average volume of 1,718,532. The company has a 50-day simple moving average of $340.75 and a 200 day simple moving average of $335.25. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $132.29 billion, a PE ratio of 12.13, a PEG ratio of 1.48 and a beta of 0.36. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The company had revenue of $11.97 billion during the quarter, compared to analysts' expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.14 earnings per share. As a group, sell-side analysts expect that Chubb Limited will post 27.39 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, September 11th. Chubb's payout ratio is 14.43%.

Chubb Company Profile

Chubb Limited NYSE: CB is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers' compensation, homeowners insurance, automobile coverage, and specialty insurance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.