Smith Salley Wealth Management Has $2.64 Million Holdings in Chubb Limited (NYSE:CB)

Smith Salley Wealth Management grew its position in Chubb Limited (NYSE:CB) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,157 shares of the financial services provider’s stock after purchasing an additional 185 shares during the period. Smith Salley Wealth Management’s holdings in Chubb were worth $2,641,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. ORG Partners LLC bought a new position in Chubb in the second quarter valued at $963,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Chubb by 16.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock valued at $19,448,000 after acquiring an additional 10,745 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Chubb during the first quarter worth about $984,000. Leuthold Group LLC acquired a new position in Chubb during the first quarter valued at approximately $3,033,000. Finally, Private Advisor Group LLC grew its stake in Chubb by 21.2% in the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock valued at $3,279,000 after purchasing an additional 2,250 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CB. Morgan Stanley dropped their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company lifted their price objective on shares of Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Bank of America raised their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $282.37.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

Chubb Trading Down 2.0 %

CB stock opened at $287.99 on Friday. Chubb Limited has a 52 week low of $207.46 and a 52 week high of $302.05. The company has a market capitalization of $116.94 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The company’s 50-day simple moving average is $287.15 and its 200 day simple moving average is $269.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. Chubb’s payout ratio is 16.16%.

Chubb Profile

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 risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.