SG Americas Securities LLC Cuts Position in Chubb Limited $CB

SG Americas Securities LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 51.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,626 shares of the financial services provider’s stock after selling 82,962 shares during the period. SG Americas Securities LLC’s holdings in Chubb were worth $22,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. 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. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb during the 2nd quarter valued at approximately $32,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb during the 3rd quarter worth approximately $34,000. Maseco LLP purchased a new stake in shares of Chubb during the 2nd quarter worth approximately $35,000. Finally, Financial Consulate Inc. acquired a new stake in shares of Chubb in the 3rd quarter worth approximately $37,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Up 2.1%

Shares of CB stock opened at $312.92 on Friday. The company has a market capitalization of $123.15 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 3.21 and a beta of 0.51. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $300.79 and a 200 day moving average price of $285.23. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $316.94.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.72 earnings per share. Research analysts forecast 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 was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s payout ratio is presently 16.19%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $296.17, for a total value of $3,133,478.60. Following the sale, the executive vice president owned 12,660 shares in the company, valued at $3,749,512.20. This trade represents a 45.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 57,333 shares of company stock worth $16,629,873. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Mizuho initiated coverage on Chubb in a research note on Monday, December 15th. They set a “neutral” rating and a $318.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Finally, Jefferies Financial Group lifted their target price on shares of Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $318.00.

Chubb Company 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.