Chubb Limited $CB Shares Sold by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC trimmed its holdings in Chubb Limited (NYSE:CB) by 49.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,237 shares of the financial services provider’s stock after selling 2,185 shares during the period. Applied Finance Capital Management LLC’s holdings in Chubb were worth $698,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in Chubb during the third quarter valued at about $31,000. Laurel Wealth Advisors LLC purchased a new stake in Chubb during the fourth quarter valued at about $31,000. Ares Financial Consulting LLC purchased a new stake in Chubb during the fourth quarter valued at about $32,000. Cornerstone Planning Group LLC increased its holdings in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares during the period. Finally, GoalVest Advisory LLC acquired a new position in shares of Chubb in the 4th quarter valued at about $40,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 1.3%

CB opened at $324.20 on Friday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $125.74 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.66 and a beta of 0.43. The business has a 50 day moving average of $326.19 and a 200-day moving average of $314.01.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The firm had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, sell-side analysts anticipate that Chubb Limited will post 26.78 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, March 13th. Chubb’s dividend payout ratio is currently 13.70%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a report on Monday, February 9th. Jefferies Financial Group dropped their price objective on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. UBS Group restated a “neutral” rating and issued a $340.00 price objective on shares of Chubb in a report on Monday, February 9th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $349.33.

Insider Buying and Selling at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.37% of the company’s stock.

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.