Foster & Motley Inc. Sells 191 Shares of Chubb Limited (NYSE:CB)

Foster & Motley Inc. cut its position in shares of Chubb Limited (NYSE:CB) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,178 shares of the financial services provider’s stock after selling 191 shares during the period. Foster & Motley Inc.’s holdings in Chubb were worth $1,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. ZRC Wealth Management LLC purchased a new position in Chubb during the fourth quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Chubb in the 4th quarter valued at $32,000. Naples Money Management LLC bought a new position in shares of Chubb in the 4th quarter worth $34,000. Bell Investment Advisors Inc lifted its stake in shares of Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 59 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in Chubb during the fourth quarter valued at about $59,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of CB opened at $249.88 on Wednesday. The firm has a fifty day moving average price of $252.64 and a 200 day moving average price of $235.15. The stock has a market cap of $101.45 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.17 and a beta of 0.62. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. As a group, sell-side analysts anticipate that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is 15.76%.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the transaction, the executive vice president now owns 50,486 shares in the company, valued at approximately $12,879,483.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock valued at $29,766,694 in the last three months. 0.86% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on CB. JPMorgan Chase & Co. increased their price target on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. HSBC restated a “hold” rating and set a $270.00 target price (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. TD Cowen initiated coverage on Chubb in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, Raymond James raised their price objective on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $266.37.

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.