Truvestments Capital LLC Purchases New Stake in Chubb Limited (NYSE:CB)

Truvestments Capital LLC acquired a new position in shares of Chubb Limited (NYSE:CB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 106 shares of the financial services provider’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Beacon Capital Management LLC grew its stake in 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 purchasing an additional 42 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Chubb in the 1st quarter valued at 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 Chubb during the second quarter valued at approximately $26,000. Finally, Kimelman & Baird LLC acquired a new stake in Chubb in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.6 %

NYSE CB opened at $290.34 on Friday. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05. The stock has a market cap of $117.04 billion, a PE ratio of 11.89, a PEG ratio of 6.68 and a beta of 0.67. The firm has a 50-day simple moving average of $287.34 and a 200 day simple moving average of $275.26. 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 data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $4.95 EPS. On average, research analysts forecast that Chubb Limited will post 21.77 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. Chubb’s dividend payout ratio is currently 14.91%.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. This represents a 4.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,715 shares of company stock valued at $23,803,540 in the last 90 days. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CB shares. Piper Sandler increased their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Barclays initiated coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group raised their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their target price on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus target price of $287.37.

Chubb 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.