Chubb Limited (NYSE:CB) Shares Sold by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC lessened its position in shares of Chubb Limited (NYSE:CB) by 4.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,121 shares of the financial services provider’s stock after selling 1,171 shares during the quarter. Chubb makes up about 2.0% of Stokes Capital Advisors LLC’s holdings, making the stock its 22nd largest position. Stokes Capital Advisors LLC’s holdings in Chubb were worth $7,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CB. ZRC Wealth Management LLC purchased a new stake in Chubb during the 4th quarter worth about $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Chubb during the 4th quarter worth about $29,000. Tennessee Valley Asset Management Partners purchased a new stake in Chubb during the 4th quarter worth about $32,000. Northwest Financial Advisors purchased a new stake in Chubb during the 4th quarter worth about $33,000. Finally, Naples Money Management LLC purchased a new stake in Chubb during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CB shares. HSBC restated a “hold” rating and issued a $270.00 price target (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Citigroup restated a “neutral” rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. JPMorgan Chase & Co. lifted their price target on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Evercore ISI lifted their price target on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, The Goldman Sachs Group lifted their price target on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $266.70.

Insider Activity

In other news, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now directly owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now directly owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Annmarie T. Hagan sold 1,529 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 over the last 90 days. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of NYSE:CB traded down $5.67 on Friday, hitting $256.36. The company’s stock had a trading volume of 580,768 shares, compared to its average volume of 1,669,826. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $275.41. The company has a market capitalization of $104.10 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 6.24 and a beta of 0.66. The stock’s 50-day moving average is $258.87 and its two-hundred day moving average is $248.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.41 earnings per share. On average, equities research analysts forecast that Chubb Limited will post 21.15 EPS for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a $0.91 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.42%. Chubb’s dividend payout ratio is 16.16%.

Chubb Company Profile

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.