Chubb Limited $CB Shares Sold by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. trimmed its holdings in Chubb Limited (NYSE:CB) by 8.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 27,345 shares of the financial services provider’s stock after selling 2,415 shares during the period. LGT Fund Management Co Ltd.’s holdings in Chubb were worth $7,695,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CB. Mitchell & Pahl Private Wealth LLC increased its position in Chubb by 0.5% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after acquiring an additional 35 shares during the period. Golden State Wealth Management LLC raised its stake in Chubb by 7.4% during the 3rd quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 36 shares during the last quarter. Covestor Ltd lifted its position in Chubb by 26.1% during the 3rd quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 37 shares during the period. CENTRAL TRUST Co lifted its position in Chubb by 1.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,573 shares of the financial services provider’s stock worth $1,008,000 after acquiring an additional 37 shares during the period. Finally, JT Stratford LLC grew its stake in shares of Chubb by 3.5% in the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

CB opened at $327.86 on Monday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The stock has a market cap of $127.92 billion, a P/E ratio of 12.74, a P/E/G ratio of 2.06 and a beta of 0.46. The stock’s 50 day simple moving average is $318.20 and its 200 day simple moving average is $297.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27.

Chubb (NYSE:CB) last issued its quarterly earnings data 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 firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.Chubb’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $6.02 earnings per share. As a group, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be given a $0.97 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 15.08%.

Insider Buying and Selling at Chubb

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

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent research reports. Roth Mkm boosted 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. Cantor Fitzgerald lifted their price objective on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Mizuho lifted their target price on shares of Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a report on Friday, February 6th. One research 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $340.81.

Chubb Profile

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.