Princeton Global Asset Management LLC Cuts Position in Chubb Limited $CB

Princeton Global Asset Management LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 21.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,598 shares of the financial services provider’s stock after selling 5,210 shares during the period. Chubb comprises 1.0% of Princeton Global Asset Management LLC’s portfolio, making the stock its 25th largest holding. Princeton Global Asset Management LLC’s holdings in Chubb were worth $6,117,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Brighton Jones LLC increased its position in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Chubb during the fourth quarter valued at $205,000. Woodline Partners LP boosted its holdings in Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 175 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Chubb in the second quarter worth $728,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CB shares. Raymond James Financial raised their price target on Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a report on Monday, February 9th. Wells Fargo & Company increased their price objective on shares of Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Mizuho raised their price objective on shares of Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, HSBC upped their target price on shares of Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $342.14.

Insider Activity

In other Chubb news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,877 shares of company stock valued at $14,885,226 over the last three months. Insiders own 0.77% of the company’s stock.

Chubb Trading Up 0.1%

Chubb stock opened at $328.55 on Friday. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The business’s fifty day moving average is $326.08 and its 200 day moving average is $304.76. The stock has a market capitalization of $128.21 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. 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 earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $6.02 EPS. On average, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s payout ratio is presently 15.08%.

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.