Berry Wealth Group LP Has $4.21 Million Stock Holdings in Chubb Limited (NYSE:CB)

Berry Wealth Group LP decreased its stake in Chubb Limited (NYSE:CB) by 23.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,612 shares of the financial services provider’s stock after selling 4,461 shares during the period. Chubb accounts for about 3.0% of Berry Wealth Group LP’s holdings, making the stock its 10th biggest position. Berry Wealth Group LP’s holdings in Chubb were worth $4,214,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in Chubb by 7.3% in the 4th quarter. Fisher Asset Management LLC now owns 5,100 shares of the financial services provider’s stock valued at $1,153,000 after acquiring an additional 346 shares during the period. RFG Advisory LLC raised its position in shares of Chubb by 36.4% in the first quarter. RFG Advisory LLC now owns 1,423 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 380 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Chubb by 56.4% during the 1st quarter. International Assets Investment Management LLC now owns 3,360 shares of the financial services provider’s stock valued at $865,000 after buying an additional 1,212 shares in the last quarter. Global Assets Advisory LLC bought a new position in Chubb in the 1st quarter worth approximately $3,869,000. Finally, Unison Advisors LLC grew its stake in Chubb by 0.6% in the 1st quarter. Unison Advisors LLC now owns 13,370 shares of the financial services provider’s stock valued at $3,476,000 after buying an additional 74 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

CB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Roth Mkm lifted their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Barclays initiated coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, JMP Securities reiterated a “market outperform” rating and set a $300.00 price target on shares of Chubb in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $282.37.

Chubb Trading Down 0.7 %

NYSE:CB traded down $2.25 during mid-day trading on Monday, reaching $299.41. 428,100 shares of the company’s stock traded hands, compared to its average volume of 1,612,823. The company has a 50 day moving average price of $284.79 and a 200-day moving average price of $268.09. The firm has a market capitalization of $121.58 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 5.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Limited has a 12-month low of $205.64 and a 12-month high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.92 earnings per share. On average, sell-side analysts predict that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

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.