Cwm LLC Reduces Stock Position in Chubb Limited (NYSE:CB)


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Cwm LLC decreased its stake in shares of Chubb Limited (NYSE:CB) by 4.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,155 shares of the financial services provider’s stock after selling 2,291 shares during the quarter. Cwm LLC’s holdings in Chubb were worth $8,081,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Capstone Triton Financial Group LLC purchased a new stake in Chubb in the fourth quarter valued at $25,000. RWM Asset Management LLC acquired a new position in Chubb in the fourth quarter valued at about $26,000. Arlington Partners LLC purchased a new position in Chubb during the fourth quarter worth about $27,000. Addison Advisors LLC acquired a new stake in shares of Chubb during the fourth quarter valued at about $28,000. Finally, Mcmillion Capital Management Inc. purchased a new stake in shares of Chubb in the 4th quarter valued at approximately $28,000. 85.79% of the stock is currently owned by institutional investors.

In other Chubb news, insider John J. Lupica sold 4,337 shares of the stock in a transaction on Monday, March 15th. The stock was sold at an average price of $175.03, for a total value of $759,105.11. Following the completion of the transaction, the insider now owns 145,604 shares in the company, valued at $25,485,068.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Paul J. Krump sold 6,250 shares of the firm’s stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $160.06, for a total value of $1,000,375.00. Following the completion of the sale, the insider now directly owns 108,021 shares of the company’s stock, valued at approximately $17,289,841.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,087 shares of company stock worth $3,690,300. Insiders own 0.37% of the company’s stock.

Shares of CB opened at $172.01 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. Chubb Limited has a fifty-two week low of $93.10 and a fifty-two week high of $179.01. The firm has a 50-day simple moving average of $163.41 and a 200-day simple moving average of $154.90. The company has a market capitalization of $77.42 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 1.36 and a beta of 0.67.

Chubb (NYSE:CB) last announced its earnings results on Monday, April 26th. The financial services provider reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.07. Chubb had a return on equity of 5.33% and a net margin of 6.24%. The company had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same period last year, the business posted $2.68 EPS. The company’s revenue was up 9.7% on a year-over-year basis. Equities research analysts forecast that Chubb Limited will post 7.02 EPS for the current year.

Chubb declared that its Board of Directors has authorized a stock repurchase program on Wednesday, February 3rd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 1.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, April 9th. Stockholders of record on Friday, March 19th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, March 18th. Chubb’s dividend payout ratio (DPR) is presently 30.86%.

A number of analysts have issued reports on the company. Citigroup boosted their target price on Chubb from $178.00 to $187.00 in a research report on Wednesday, March 31st. JMP Securities raised their target price on Chubb from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Wednesday, April 28th. Raymond James increased their price target on shares of Chubb from $190.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 17th. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $155.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, April 19th. Finally, Royal Bank of Canada raised their price target on shares of Chubb from $175.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, April 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $165.78.

About Chubb

Chubb Limited, through its subsidiaries, 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 in the United States, Canada, and Bermuda.

Read More: Outstanding Shares and The Effect on Share Price

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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