Chubb Limited (NYSE:CB) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lowered its stake in Chubb Limited (NYSE:CB) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,065 shares of the financial services provider’s stock after selling 5,396 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Chubb were worth $21,033,000 as of its most recent filing with the SEC.

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

Chubb Stock Performance

CB stock traded up $3.77 during trading on Monday, reaching $249.22. 2,182,981 shares of the company’s stock were exchanged, compared to its average volume of 1,754,131. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The company’s fifty day moving average price is $252.33 and its 200-day moving average price is $235.88. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20. The firm has a market cap of $101.18 billion, a PE ratio of 10.89, a P/E/G ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $4.41 earnings per share. On average, research analysts expect that Chubb Limited will post 21.17 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. Chubb’s dividend payout ratio (DPR) is 15.27%.

Insider Transactions at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Chubb news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 in the last quarter. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Roth Mkm reiterated a “buy” rating and issued a $280.00 price target on shares of Chubb in a research note on Wednesday, April 24th. Royal Bank of Canada cut their price objective on Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday. Evercore ISI lifted their target price on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. upped their price target on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $266.89.

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.