Chubb Limited $CB Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in Chubb Limited (NYSE:CB) by 9.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,331 shares of the financial services provider’s stock after selling 2,527 shares during the quarter. Intech Investment Management LLC’s holdings in Chubb were worth $6,585,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Harbor Capital Advisors Inc. grew its holdings in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC raised its stake in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares during the period. VSM Wealth Advisory LLC acquired a new position in Chubb in the 2nd quarter valued at about $32,000. Cornerstone Planning Group LLC boosted its holdings in Chubb by 81.5% in the 3rd 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 last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb in the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 15,060 shares of Chubb 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 completion of the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president directly owned 11,810 shares in the company, valued at $3,920,683.80. This trade represents a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CB. Citizens Jmp reiterated a “market outperform” rating and issued a $350.00 price objective on shares of Chubb in a research report on Wednesday, February 4th. Wells Fargo & Company lifted their price target on shares of Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and issued a $366.00 price objective on shares of Chubb in a report on Thursday, February 5th. UBS Group reiterated a “neutral” rating and issued a $340.00 target price on shares of Chubb in a report on Monday, February 9th. Finally, HSBC upped their price target on Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $340.81.

Chubb Trading Up 0.7%

CB opened at $340.29 on Friday. The business has a fifty day moving average price of $315.97 and a 200 day moving average price of $295.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $342.69. The stock has a market capitalization of $133.92 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 2.15 and a beta of 0.49.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter last year, the company earned $6.02 EPS. Chubb’s revenue for the quarter was up 8.9% compared to the same quarter last year. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, March 13th. Chubb’s payout ratio is 15.08%.

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.