Chubb Limited $CB Shares Sold by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lowered its holdings in Chubb Limited (NYSE:CB) by 40.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,286 shares of the financial services provider’s stock after selling 65,570 shares during the quarter. Chubb accounts for about 2.3% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 16th biggest position. Smith Chas P & Associates PA Cpas’ holdings in Chubb were worth $26,895,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CB. Harbor Capital Advisors Inc. boosted its holdings in Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb during the 2nd quarter valued at approximately $32,000. Cornerstone Planning Group LLC lifted its position in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb during the 3rd quarter worth approximately $34,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 1.4%

Chubb stock opened at $338.07 on Wednesday. The stock has a 50-day moving average price of $317.11 and a 200 day moving average price of $296.78. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The stock has a market cap of $131.90 billion, a PE ratio of 13.14, a P/E/G ratio of 2.18 and a beta of 0.46. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $6.02 EPS. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.1%. Chubb’s dividend payout ratio (DPR) is 15.08%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. UBS Group reaffirmed a “neutral” rating and issued a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Roth Mkm upped their target price on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. Wells Fargo & Company boosted their price objective on shares of Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Finally, Evercore increased their price objective on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $340.81.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is currently owned by insiders.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.