Courier Capital LLC Decreases Stock Position in Chubb Limited (NYSE:CB)

Courier Capital LLC reduced its position in Chubb Limited (NYSE:CB) by 4.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,598 shares of the financial services provider’s stock after selling 80 shares during the period. Courier Capital LLC’s holdings in Chubb were worth $361,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new stake in shares of Chubb during the 4th quarter valued at $25,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Chubb during the 3rd quarter valued at $28,000. IMA Wealth Inc. grew its position in shares of Chubb by 275.7% during the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 102 shares during the period. ZRC Wealth Management LLC bought a new stake in shares of Chubb during the 4th quarter valued at $29,000. Finally, Bell Investment Advisors Inc grew its position in shares of Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 59 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup reissued a “neutral” rating and set a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Roth Mkm lifted their target price on shares of Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Wells Fargo & Company lifted their target price on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Finally, UBS Group lifted their target price on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $255.06.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 26,946 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the completion of the sale, the executive vice president now owns 95,252 shares in the company, valued at approximately $24,481,669.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,043 shares of company stock valued at $29,766,694. Insiders own 0.37% of the company’s stock.

Chubb Trading Up 0.9 %

NYSE:CB opened at $258.50 on Thursday. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The firm has a 50 day moving average of $249.27 and a 200 day moving average of $229.46. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $104.89 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.21 and a beta of 0.62.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.16 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be issued a $0.86 dividend. The ex-dividend date is Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.33%. Chubb’s dividend payout ratio is currently 15.76%.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.