HMS Capital Management LLC Has $3.02 Million Holdings in Chubb Limited (NYSE:CB)

HMS Capital Management LLC trimmed its holdings in Chubb Limited (NYSE:CB) by 0.8% in the 3rd quarter, Holdings Channel reports. The fund owned 10,475 shares of the financial services provider’s stock after selling 88 shares during the quarter. Chubb comprises 1.5% of HMS Capital Management LLC’s portfolio, making the stock its 14th biggest holding. HMS Capital Management LLC’s holdings in Chubb were worth $3,021,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CB. Central Pacific Bank Trust Division acquired a new position in shares of Chubb during the first quarter valued at about $147,000. GSA Capital Partners LLP bought a new stake in shares of Chubb in the 1st quarter worth approximately $961,000. Wellington Shields & Co. LLC acquired a new stake in shares of Chubb during the 1st quarter worth approximately $94,000. Avidian Wealth Solutions LLC increased its position in shares of Chubb by 29.5% during the first quarter. Avidian Wealth Solutions LLC now owns 1,176 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 268 shares during the period. Finally, Team Hewins LLC raised its stake in shares of Chubb by 4.1% in the first quarter. Team Hewins LLC now owns 1,408 shares of the financial services provider’s stock valued at $366,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,636 shares of company stock valued at $24,874,208. Company insiders own 0.86% of the company’s stock.

Chubb Trading Up 0.4 %

CB stock opened at $277.29 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $216.26 and a twelve month high of $302.05. The company has a market cap of $111.78 billion, a P/E ratio of 11.36, a PEG ratio of 6.52 and a beta of 0.67. The business has a fifty day moving average of $288.24 and a 200-day moving average of $271.41.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.95 EPS. As a group, equities research analysts expect that Chubb Limited will post 21.6 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.31%. Chubb’s payout ratio is presently 14.91%.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent research reports. Bank of America lifted their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Roth Mkm increased their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company increased their target price on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $287.37.

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.