Chubb Limited (NYSE:CB) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lessened its holdings in shares of Chubb Limited (NYSE:CB) by 13.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,111 shares of the financial services provider’s stock after selling 332 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Chubb were worth $477,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CB. ZRC Wealth Management LLC acquired a new position in Chubb during the fourth quarter worth approximately $29,000. Tennessee Valley Asset Management Partners acquired a new position in Chubb in the fourth quarter valued at $32,000. Northwest Financial Advisors acquired a new position in Chubb in the fourth quarter valued at $33,000. Naples Money Management LLC acquired a new stake in shares of Chubb during the fourth quarter worth $34,000. Finally, EdgeRock Capital LLC purchased a new position in shares of Chubb during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Bank of America raised Chubb from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $244.00 to $266.00 in a report on Thursday. The Goldman Sachs Group increased their price target on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. BMO Capital Markets boosted their target price on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Morgan Stanley raised their price objective on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Evercore ISI upped their price target on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $266.70.

Chubb Stock Down 0.2 %

Shares of NYSE:CB traded down $0.60 during trading on Thursday, hitting $266.84. 202,256 shares of the company’s stock traded hands, compared to its average volume of 1,728,926. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market cap of $108.35 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 9.40 and a beta of 0.63. The company has a 50-day moving average price of $253.50 and a 200-day moving average price of $241.11. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $275.41.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the previous year, the company earned $4.41 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, research analysts forecast that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is currently 15.27%.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 34,707 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the transaction, the chief operating officer now directly owns 284,136 shares in the company, valued at approximately $71,596,589.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now owns 284,136 shares in the company, valued at $71,596,589.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the sale, the director now directly owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The disclosure for this sale can be found here. Insiders have sold a total of 145,815 shares of company stock valued at $37,349,247 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

About Chubb

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.