Chubb Limited (NYSE:CB) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC trimmed its stake in shares of Chubb Limited (NYSE:CBFree Report) by 16.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,208 shares of the financial services provider’s stock after selling 1,203 shares during the quarter. NewEdge Wealth LLC’s holdings in Chubb were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairfield Bush & CO. acquired a new position in shares of Chubb in the 1st quarter worth approximately $195,000. Roundview Capital LLC grew its stake in shares of Chubb by 2.6% in the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock worth $891,000 after purchasing an additional 106 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Chubb by 59.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 1,134 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Chubb by 18.7% in the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 203 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Chubb by 22.0% in the first quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock worth $33,110,000 after acquiring an additional 27,926 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several analysts recently commented on CB shares. StockNews.com upgraded shares of Chubb from a “hold” rating to a “buy” rating in a report on Friday, January 5th. The Goldman Sachs Group cut shares of Chubb from a “buy” rating to a “neutral” rating and set a $222.00 price target for the company. in a report on Monday, January 8th. Raymond James lifted their target price on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. TD Cowen began coverage on shares of Chubb in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 target price for the company. Finally, Citigroup lifted their target price on shares of Chubb from $235.00 to $238.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $252.84.

Check Out Our Latest Report on Chubb

Chubb Trading Down 0.6 %

Shares of CB stock opened at $247.63 on Wednesday. The firm has a market capitalization of $101.03 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The company has a current ratio of 0.35, a quick ratio of 0.30 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $229.70 and its 200 day simple moving average is $216.98. Chubb Limited has a 1 year low of $183.40 and a 1 year high of $249.62.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $3.44 annualized dividend and a yield of 1.39%. Chubb’s dividend payout ratio (DPR) is 15.76%.

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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