6,692 Shares in Chubb Limited $CB Bought by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC bought a new position in shares of Chubb Limited (NYSE:CB) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,692 shares of the financial services provider’s stock, valued at approximately $1,889,000.

Several other large investors also recently modified their holdings of CB. Brighton Jones LLC increased its stake in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Chubb in the fourth quarter valued at approximately $205,000. Woodline Partners LP increased its position in shares of Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Chubb by 3.2% during the second quarter. Parallel Advisors LLC now owns 6,415 shares of the financial services provider’s stock worth $1,858,000 after acquiring an additional 198 shares during the period. Finally, Apella Capital LLC bought a new stake in Chubb in the 2nd quarter valued at $221,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction that occurred on 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 directly owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on CB. Jefferies Financial Group increased their target price on Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. BMO Capital Markets reiterated a “market perform” rating and set a $283.00 price objective on shares of Chubb in a report on Thursday, October 23rd. UBS Group boosted their target price on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Barclays upped their price target on Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $318.60.

Chubb Stock Down 2.0%

NYSE:CB opened at $300.49 on Wednesday. Chubb Limited has a twelve month low of $260.97 and a twelve month high of $316.94. The firm has a market capitalization of $118.26 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 3.21 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $302.25 and its two-hundred day moving average price is $285.63.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $16.15 billion during 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 firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.72 EPS. Equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

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.