Spinnaker Trust Cuts Holdings in Chubb Limited (NYSE:CB)

Spinnaker Trust trimmed its position in Chubb Limited (NYSE:CB) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,363 shares of the financial services provider’s stock after selling 100 shares during the period. Spinnaker Trust’s holdings in Chubb were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. MCF Advisors LLC lifted its position in Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $237,000 after buying an additional 42 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Chubb by 5.2% in the 4th quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 44 shares during the last quarter. Valley National Advisers Inc. raised its stake in Chubb by 0.9% during the 4th quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock valued at $1,155,000 after acquiring an additional 44 shares during the last quarter. Sfmg LLC raised its stake in Chubb by 3.0% during the 4th quarter. Sfmg LLC now owns 1,533 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 45 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC increased its position in Chubb by 3.9% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 47 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Ratings Changes

A number of research firms recently issued reports on CB. JPMorgan Chase & Co. upped their target price on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. HSBC reissued a “hold” rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. JMP Securities reissued a “market outperform” rating and set a $280.00 price target on shares of Chubb in a research note on Monday, April 15th. BMO Capital Markets increased their price target on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.89.

Chubb Stock Performance

Shares of CB traded down $0.51 during trading hours on Friday, reaching $245.45. 1,565,900 shares of the company traded hands, compared to its average volume of 1,523,435. The stock’s fifty day moving average is $252.33 and its 200 day moving average is $235.52. The stock has a market cap of $99.65 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.35. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same quarter in the prior year, the business posted $4.41 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 21.23 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared 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. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. Chubb’s dividend payout ratio (DPR) is currently 15.27%.

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.