Chubb Limited $CB Shares Acquired by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. increased its position in shares of Chubb Limited (NYSE:CB) by 68.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,700 shares of the financial services provider’s stock after acquiring an additional 3,951 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Chubb were worth $3,155,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CB. XXEC Inc. acquired a new stake in Chubb in the second quarter worth about $228,226,000. Berkshire Hathaway Inc raised its holdings in Chubb by 9.3% during the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock worth $10,689,855,000 after purchasing an additional 2,916,288 shares during the last quarter. BlackRock Inc. acquired a new position in Chubb during the 2nd quarter valued at about $9,913,336,000. GQG Partners LLC acquired a new position in Chubb during the 2nd quarter valued at about $4,250,113,000. Finally, Bank of America Corp DE lifted its position in Chubb by 3.1% during the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock valued at $1,599,868,000 after purchasing an additional 147,876 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CB. Weiss Ratings lowered shares of Chubb from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. Barclays set a $387.00 price target on shares of Chubb in a research note on Tuesday, July 7th. JPMorgan Chase & Co. cut their price objective on shares of Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Atlantic Securities set a $301.00 price objective on shares of Chubb in a research note on Wednesday, July 15th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. 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. According to MarketBeat, Chubb has a consensus rating of “Hold” and an average price target of $358.36.

Insider Activity at Chubb

In related news, Director Michael Connors sold 5,500 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This represents a 30.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by insiders.

Chubb Stock Up 0.8%

NYSE:CB opened at $352.97 on Friday. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91. 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 stock has a market cap of $136.18 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 1.53 and a beta of 0.36. The stock has a 50-day moving average price of $340.26 and a two-hundred day moving average price of $336.22.

Chubb (NYSE:CB) last announced 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 the consensus estimate 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 period in the prior year, the company earned $6.14 earnings per share. As a group, equities analysts expect that Chubb Limited will post 27.72 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were given a $1.02 dividend. The ex-dividend date was Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is currently 14.43%.

Chubb 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.