Beacon Investment Advisory Services Inc. Has $9.24 Million Stake in Chubb Limited $CB

Beacon Investment Advisory Services Inc. grew its holdings in Chubb Limited (NYSE:CB) by 16.1% during the third quarter, Holdings Channel reports. The firm owned 32,733 shares of the financial services provider’s stock after acquiring an additional 4,531 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Chubb were worth $9,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CB. Norges Bank bought a new stake in Chubb in the second quarter worth approximately $1,195,137,000. Bank of America Corp DE boosted its holdings in shares of Chubb by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after buying an additional 513,852 shares in the last quarter. London Co. of Virginia grew its position in shares of Chubb by 211.0% during the 2nd quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock worth $213,559,000 after buying an additional 500,116 shares during the period. Altrinsic Global Advisors LLC boosted its position in shares of Chubb by 46.9% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock worth $403,535,000 after purchasing an additional 444,557 shares in the last quarter. Finally, Troy Asset Management Ltd raised its position in shares of Chubb by 89.1% during the second quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock worth $229,872,000 after purchasing an additional 373,872 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.1%

Shares of Chubb stock opened at $313.51 on Friday. The company’s 50 day moving average is $294.47 and its 200 day moving average is $283.55. The company has a market cap of $123.38 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 3.58 and a beta of 0.51. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $314.68. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.72 earnings per share. Research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 12th. Chubb’s dividend payout ratio is presently 16.19%.

Analysts Set New Price Targets

CB has been the subject of several analyst reports. Cantor Fitzgerald reissued a “neutral” rating on shares of Chubb in a research note on Wednesday, December 10th. HSBC increased their target price on shares of Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. Wolfe Research raised their price objective on Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $311.90.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the sale, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. This trade represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the sale, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. This trade represents a 34.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 57,333 shares of company stock valued at $16,629,873 in the last ninety days. 0.77% of the stock is owned by company insiders.

Chubb Company 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.