L & S Advisors Inc Invests $8.62 Million in Chubb Limited (NYSE:CB)

L & S Advisors Inc purchased a new stake in Chubb Limited (NYSE:CB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,899 shares of the financial services provider’s stock, valued at approximately $8,623,000.

Several other institutional investors have also recently added to or reduced their stakes in CB. Beacon Capital Management LLC lifted its holdings in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Chubb in the 1st quarter valued at about $25,000. Kozak & Associates Inc. acquired a new position in Chubb in the third quarter worth approximately $29,000. Chilton Capital Management LLC acquired a new position in Chubb in the second quarter worth approximately $26,000. Finally, Kimelman & Baird LLC acquired a new position in Chubb during the second quarter valued at approximately $32,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of several research reports. Bank of America increased their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Evercore ISI boosted their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $287.37.

Chubb Stock Performance

Shares of CB stock opened at $282.81 on Thursday. The company has a market capitalization of $114.00 billion, a P/E ratio of 11.58, a P/E/G ratio of 6.62 and a beta of 0.67. The business’s 50 day moving average is $287.60 and its two-hundred day moving average is $273.95. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter last year, the firm earned $4.95 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts expect that Chubb Limited will post 21.77 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.29%. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,715 shares of company stock worth $23,803,540 in the last quarter. Company insiders own 0.86% of the company’s stock.

Chubb Company 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.