Chubb Limited $CB Stake Lessened by HighTower Advisors LLC

HighTower Advisors LLC lowered its holdings in Chubb Limited (NYSE:CB) by 3.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 199,500 shares of the financial services provider’s stock after selling 6,867 shares during the period. HighTower Advisors LLC’s holdings in Chubb were worth $62,268,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb during the third quarter worth $31,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Chubb during the fourth quarter worth $31,000. Ares Financial Consulting LLC purchased a new stake in shares of Chubb during the fourth quarter worth $32,000. Cornerstone Planning Group LLC raised its holdings in shares of Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares in the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in shares of Chubb during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is currently owned by company insiders.

Chubb Price Performance

NYSE CB opened at $328.70 on Thursday. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The stock’s 50-day moving average is $326.29 and its two-hundred day moving average is $315.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $127.49 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. On average, analysts anticipate that Chubb Limited will post 26.78 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were issued 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 (DPR) is 13.70%.

Analyst Ratings Changes

Several analysts recently issued reports on CB shares. Wolfe Research increased their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. BMO Capital Markets raised their price objective on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Wells Fargo & Company raised their price objective on shares of Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. HSBC raised their price objective on shares of Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group cut their price objective on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $349.33.

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.