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

Criterion Capital Advisors LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 7.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,278 shares of the financial services provider’s stock after selling 624 shares during the quarter. Chubb makes up about 1.4% of Criterion Capital Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Criterion Capital Advisors LLC’s holdings in Chubb were worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ables Iannone Moore & Associates Inc. acquired a new position in Chubb during the 4th quarter worth $29,000. ZRC Wealth Management LLC bought a new position in shares of Chubb during the fourth quarter worth about $29,000. EdgeRock Capital LLC acquired a new position in Chubb in the fourth quarter worth about $35,000. Tennessee Valley Asset Management Partners bought a new stake in Chubb in the fourth quarter valued at about $32,000. Finally, Northwest Financial Advisors acquired a new stake in Chubb during the fourth quarter valued at approximately $33,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CB. The Goldman Sachs Group lifted their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods dropped their target price on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Morgan Stanley boosted their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $266.70.

Insider Activity

In other news, EVP Juan Luis Ortega sold 2,400 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $11,648,059.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the transaction, the director now directly owns 39,295 shares in the company, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,552 shares of company stock worth $12,149,985. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB traded down $6.95 during mid-day trading on Friday, reaching $255.08. 2,794,049 shares of the company traded hands, compared to its average volume of 1,375,378. The firm has a market cap of $103.58 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 6.29 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $275.41. The stock has a fifty day simple moving average of $259.30 and a 200-day simple moving average of $248.48.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $4.41 EPS. Equities research analysts anticipate that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.43%. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, June 14th. Chubb’s dividend payout ratio is presently 16.16%.

Chubb 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.