Hudson Valley Investment Advisors Inc. ADV Takes Position in Chubb Ltd (NYSE:CB)

Hudson Valley Investment Advisors Inc. ADV purchased a new stake in shares of Chubb Ltd (NYSE:CB) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,908 shares of the financial services provider’s stock, valued at approximately $1,600,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC purchased a new position in shares of Chubb in the third quarter worth approximately $26,000. Mcmillion Capital Management Inc. purchased a new position in shares of Chubb in the second quarter worth approximately $27,000. JNBA Financial Advisors boosted its holdings in shares of Chubb by 223.2% in the second quarter. JNBA Financial Advisors now owns 181 shares of the financial services provider’s stock worth $27,000 after buying an additional 125 shares during the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Chubb in the second quarter worth approximately $28,000. Finally, MRA Associates USA LLC purchased a new position in shares of Chubb in the second quarter worth approximately $33,000. 89.50% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider John J. Lupica sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $158.15, for a total value of $948,900.00. Following the sale, the insider now owns 168,037 shares in the company, valued at $26,575,051.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 6,500 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $158.05, for a total transaction of $1,027,325.00. Following the completion of the sale, the executive vice president now owns 77,201 shares in the company, valued at approximately $12,201,618.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,625 shares of company stock worth $4,037,880. Company insiders own 0.47% of the company’s stock.

A number of equities research analysts have commented on CB shares. Evercore ISI started coverage on shares of Chubb in a research note on Thursday. They set an “in-line” rating and a $149.00 target price on the stock. Wells Fargo & Co raised their target price on shares of Chubb from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Barclays set a $185.00 target price on shares of Chubb and gave the stock a “buy” rating in a research note on Monday, August 12th. JMP Securities restated an “outperform” rating on shares of Chubb in a research note on Thursday, July 25th. Finally, Morgan Stanley raised their target price on shares of Chubb from $154.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $154.75.

Chubb stock opened at $152.69 on Friday. The stock has a market cap of $69.74 billion, a P/E ratio of 16.17, a PEG 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. Chubb Ltd has a 1 year low of $119.54 and a 1 year high of $162.44. The firm’s 50 day moving average price is $158.30 and its 200-day moving average price is $150.22.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.02. The firm had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.65 billion. Chubb had a net margin of 11.00% and a return on equity of 8.53%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.68 earnings per share. As a group, 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. Stockholders of record on Friday, September 20th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Thursday, September 19th. Chubb’s payout ratio is currently 31.78%.

Chubb Profile

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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