257 Shares in Chubb Ltd (NYSE:CB) Acquired by Asset Dedication LLC

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Asset Dedication LLC purchased a new position in shares of Chubb Ltd (NYSE:CB) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 257 shares of the financial services provider’s stock, valued at approximately $41,000.

A number of other large investors have also recently added to or reduced their stakes in CB. Nuveen Asset Management LLC lifted its holdings in Chubb by 37,306.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,848,945 shares of the financial services provider’s stock worth $714,201,000 after purchasing an additional 4,835,982 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Chubb by 84.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,848,447 shares of the financial services provider’s stock worth $419,548,000 after purchasing an additional 1,304,154 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Chubb by 24.1% during the 2nd quarter. California Public Employees Retirement System now owns 3,347,877 shares of the financial services provider’s stock worth $493,109,000 after purchasing an additional 650,643 shares during the last quarter. WCM Investment Management LLC lifted its holdings in Chubb by 3.5% during the 2nd quarter. WCM Investment Management LLC now owns 14,532,774 shares of the financial services provider’s stock worth $2,140,532,000 after purchasing an additional 493,424 shares during the last quarter. Finally, Thoroughbred Financial Services LLC lifted its holdings in Chubb by 15,106.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 397,798 shares of the financial services provider’s stock worth $39,780,000 after purchasing an additional 395,182 shares during the last quarter. 89.50% of the stock is owned by institutional investors and hedge funds.

CB has been the subject of several research reports. ValuEngine cut Chubb from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JMP Securities reissued an “outperform” rating on shares of Chubb in a report on Thursday, July 25th. Raymond James lifted their price target on Chubb from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Evercore ISI initiated coverage on Chubb in a report on Thursday. They set an “in-line” rating and a $149.00 price target for the company. Finally, Wells Fargo & Co lifted their price target on Chubb from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $154.75.

Shares of NYSE CB opened at $152.69 on Friday. The stock has a market capitalization of $69.74 billion, a PE ratio of 16.17, a P/E/G ratio of 1.46 and a beta of 0.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.32 and a quick ratio of 0.32. The business has a fifty day moving average price of $158.30 and a two-hundred day moving average price of $150.22. Chubb Ltd has a fifty-two week low of $119.54 and a fifty-two week high of $162.44.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The firm had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Chubb had a return on equity of 8.53% and a net margin of 11.00%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.68 EPS. On average, equities analysts expect that Chubb Ltd will post 10.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.00 annualized dividend and a yield of 1.96%. Chubb’s dividend payout ratio is presently 31.78%.

In other Chubb news, insider Paul J. Krump sold 5,000 shares of Chubb stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $155.00, for a total value of $775,000.00. Following the completion of the transaction, the insider now directly owns 118,865 shares of the company’s stock, valued at approximately $18,424,075. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 6,500 shares of Chubb stock in a transaction on Friday, September 20th. The shares were sold at an average price of $158.05, for a total value of $1,027,325.00. Following the completion of the transaction, the executive vice president now directly owns 77,201 shares of the company’s stock, valued at $12,201,618.05. The disclosure for this sale can be found here. Insiders sold a total of 25,625 shares of company stock valued at $4,037,880 over the last ninety days. Insiders own 0.47% of the company’s stock.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and 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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