Carson Advisory Inc. Buys 294 Shares of Chubb Limited (NYSE:CB)

Carson Advisory Inc. increased its position in Chubb Limited (NYSE:CBFree Report) by 23.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,547 shares of the financial services provider’s stock after buying an additional 294 shares during the quarter. Carson Advisory Inc.’s holdings in Chubb were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Chubb by 1.0% during the 2nd quarter. State Street Corp now owns 18,670,426 shares of the financial services provider’s stock worth $3,610,928,000 after buying an additional 181,441 shares in the last quarter. Capital World Investors boosted its holdings in shares of Chubb by 0.3% during the 2nd quarter. Capital World Investors now owns 10,259,488 shares of the financial services provider’s stock worth $1,975,364,000 after buying an additional 27,110 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Chubb by 102,751.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock worth $1,828,733,000 after buying an additional 8,281,754 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Chubb by 1.9% during the second quarter. Geode Capital Management LLC now owns 7,982,696 shares of the financial services provider’s stock worth $1,533,064,000 after purchasing an additional 149,362 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Chubb by 1.4% during the second quarter. Wells Fargo & Company MN now owns 5,929,199 shares of the financial services provider’s stock worth $1,141,727,000 after purchasing an additional 80,892 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Chubb Price Performance

NYSE CB traded down $2.55 during trading hours on Thursday, hitting $244.34. The company had a trading volume of 1,630,705 shares, compared to its average volume of 1,988,178. Chubb Limited has a 52 week low of $183.40 and a 52 week high of $249.62. The firm has a 50 day simple moving average of $230.14 and a 200 day simple moving average of $217.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.30 and a current ratio of 0.35. The firm has a market capitalization of $99.69 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.18 and a beta of 0.62.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, December 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.41%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CB. HSBC assumed coverage on Chubb in a research report on Thursday, December 28th. They set a “buy” rating and a $263.00 target price on the stock. Morgan Stanley increased their price target on Chubb from $224.00 to $226.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. StockNews.com raised Chubb from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. TD Cowen assumed coverage on Chubb in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price target for the company. Finally, BMO Capital Markets raised their target price on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.84.

Get Our Latest Analysis on Chubb

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Chubb Profile

(Free Report)

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial 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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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