Chubb Limited $CB Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB cut its stake in shares of Chubb Limited (NYSE:CB) by 1.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 98,708 shares of the financial services provider’s stock after selling 1,798 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Chubb were worth $30,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake in Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 56 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in Chubb during the 3rd quarter valued at about $31,000. Cornerstone Planning Group LLC increased its holdings in shares of Chubb by 81.5% in the third 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, Heartwood Wealth Advisors LLC acquired a new position in shares of Chubb in the third quarter valued at about $34,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Down 0.2%

Shares of CB opened at $322.86 on Friday. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $125.97 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 2.03 and a beta of 0.46. The stock’s 50-day moving average price is $321.25 and its 200-day moving average price is $301.24.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion for 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 for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $6.02 earnings per share. On average, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend 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 presently 15.08%.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of the 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 directly 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 44,877 shares of company stock valued at $14,885,226 in the last 90 days. 0.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on CB. Piper Sandler lifted their target price on Chubb from $283.00 to $319.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $340.00 price target on shares of Chubb in a report on Monday, February 9th. BMO Capital Markets raised their price target on shares of Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 10th. 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 note on Wednesday, January 14th. Finally, Roth Mkm upped their price objective on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $340.81.

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.