New Age Alpha Advisors LLC Has $19.50 Million Stock Position in Chubb Limited $CB

New Age Alpha Advisors LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 91.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,143 shares of the financial services provider’s stock after buying an additional 32,523 shares during the period. Chubb comprises approximately 0.8% of New Age Alpha Advisors LLC’s investment portfolio, making the stock its 11th biggest position. New Age Alpha Advisors LLC’s holdings in Chubb were worth $19,498,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its holdings in Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC grew its holdings in shares of Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Chubb in the second quarter valued at approximately $32,000. Cornerstone Planning Group LLC raised its holdings in Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Chubb during the 3rd quarter worth approximately $34,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Up 0.7%

Shares of NYSE:CB opened at $340.29 on Friday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $342.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. The business’s 50-day moving average is $315.97 and its 200-day moving average is $295.71. The company has a market capitalization of $133.92 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 2.17 and a beta of 0.49.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the previous year, the company posted $6.02 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 13th. Chubb’s payout ratio is presently 15.08%.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CB shares. Wolfe Research upped their price target on shares of Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Citigroup boosted their price objective on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Cantor Fitzgerald raised their target price on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Citizens Jmp reiterated a “market outperform” rating and issued a $350.00 price target on shares of Chubb in a research report on Wednesday, February 4th. Finally, Barclays increased their price target on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $340.81.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.