Transamerica Financial Advisors Inc. Has $271,000 Holdings in Chubb Limited (NYSE:CB)

Transamerica Financial Advisors Inc. increased its position in shares of Chubb Limited (NYSE:CB) by 299.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 939 shares of the financial services provider’s stock after acquiring an additional 704 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Chubb were worth $271,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CB. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb during the first quarter valued at approximately $25,000. Beacon Capital Management LLC increased its stake in Chubb by 76.4% in the 2nd 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. Chilton Capital Management LLC acquired a new position in Chubb in the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb in the 2nd quarter valued at approximately $28,000. Finally, Kozak & Associates Inc. acquired a new position in Chubb in the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. This represents a 4.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the transaction, the insider now owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock valued at $23,803,540 in the last ninety days. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CB shares. Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company upped their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler upped their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Jefferies Financial Group increased their price target 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 analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $287.37.

Chubb Price Performance

NYSE CB opened at $288.51 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $287.32 and a 200 day simple moving average of $275.05. The company has a market cap of $116.30 billion, a P/E ratio of 11.81, a P/E/G ratio of 6.65 and a beta of 0.67. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the firm earned $4.95 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Chubb Limited will post 21.77 EPS for the current year.

Chubb Announces Dividend

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 issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

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.