Valmark Advisers Inc. Buys 690 Shares of Chubb Limited (NYSE:CB)

Valmark Advisers Inc. lifted its stake in shares of Chubb Limited (NYSE:CB) by 11.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,500 shares of the financial services provider’s stock after purchasing an additional 690 shares during the period. Valmark Advisers Inc.’s holdings in Chubb were worth $1,875,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. ORG Partners LLC bought a new position in shares of Chubb in the 2nd quarter valued at about $963,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Chubb by 16.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock worth $19,448,000 after purchasing an additional 10,745 shares during the period. Edgestream Partners L.P. acquired a new position in Chubb during the first quarter worth approximately $984,000. Leuthold Group LLC bought a new stake in Chubb in the first quarter valued at approximately $3,033,000. Finally, Private Advisor Group LLC lifted its position in shares of Chubb by 21.2% in the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock valued at $3,279,000 after buying an additional 2,250 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $287.15 on Wednesday. The firm has a market cap of $116.60 billion, a PE ratio of 12.75, a PEG ratio of 5.87 and a beta of 0.66. Chubb Limited has a 1 year low of $210.25 and a 1 year high of $302.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s fifty day moving average price is $287.78 and its two-hundred day moving average price is $270.23.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.27%. Chubb’s dividend payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CB shares. Wells Fargo & Company raised their price target on Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Barclays initiated coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Jefferies Financial Group boosted their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JMP Securities reiterated a “market outperform” rating and set a $300.00 target price on shares of Chubb in a research note on Tuesday, October 15th. Finally, Roth Mkm boosted their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $282.37.

Insider Buying and Selling at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 in the last quarter. 0.86% of the stock is currently owned by corporate insiders.

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.