Massmutual Trust Co. FSB ADV lifted its position in Chubb Ltd (NYSE:CB) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,177 shares of the financial services provider’s stock after acquiring an additional 1,431 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Chubb were worth $3,766,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CB. ELM Advisors LLC bought a new stake in Chubb during the 3rd quarter worth approximately $103,000. Atlantic Trust LLC bought a new stake in Chubb during the 2nd quarter worth approximately $102,000. Legacy Advisors LLC increased its stake in Chubb by 1,612.0% during the 3rd quarter. Legacy Advisors LLC now owns 856 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 806 shares in the last quarter. Destination Wealth Management increased its stake in Chubb by 1,443.8% during the 2nd quarter. Destination Wealth Management now owns 1,127 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,054 shares in the last quarter. Finally, Kaizen Advisory LLC increased its stake in Chubb by 156.2% during the 2nd quarter. Kaizen Advisory LLC now owns 1,158 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 706 shares in the last quarter. Institutional investors and hedge funds own 85.92% of the company’s stock.

A number of analysts recently issued reports on CB shares. ValuEngine raised Chubb from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Wells Fargo & Co reissued a “buy” rating and set a $169.00 target price on shares of Chubb in a research note on Wednesday, October 10th. Zacks Investment Research cut Chubb from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Citigroup lowered their target price on Chubb from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, October 12th. Finally, Morgan Stanley lowered their target price on Chubb from $166.00 to $153.00 and set an “overweight” rating for the company in a research note on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Chubb has an average rating of “Hold” and an average price target of $158.00.

In other news, CEO Evan G. Greenberg sold 227,994 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the completion of the transaction, the chief executive officer now directly owns 1,583,326 shares of the company’s stock, valued at approximately $222,124,804.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy Alan Boroughs sold 14,971 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the transaction, the insider now directly owns 202,794 shares of the company’s stock, valued at $28,263,399.78. The disclosure for this sale can be found here. Insiders have sold a total of 242,967 shares of company stock valued at $34,072,088 over the last ninety days. Company insiders own 0.44% of the company’s stock.

Shares of CB opened at $134.48 on Tuesday. The company has a market cap of $61.08 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. Chubb Ltd has a twelve month low of $120.50 and a twelve month high of $157.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.02. The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Chubb had a net margin of 15.37% and a return on equity of 9.71%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned ($0.13) EPS. As a group, sell-side analysts expect that Chubb Ltd will post 9.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 21st will be paid a dividend of $0.73 per share. The ex-dividend date is Thursday, December 20th. This represents a $2.92 annualized dividend and a dividend yield of 2.17%. Chubb’s dividend payout ratio is currently 36.36%.

Chubb declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the financial services provider to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

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Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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