Russell Investments Group Ltd. Decreases Stock Holdings in Chubb Limited $CB

Russell Investments Group Ltd. lowered its stake in shares of Chubb Limited (NYSE:CB) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,442 shares of the financial services provider’s stock after selling 2,102 shares during the quarter. Russell Investments Group Ltd.’s holdings in Chubb were worth $113,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CB. Harbor Capital Advisors Inc. lifted its position in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC boosted its holdings in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares in the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of Chubb in the 2nd quarter worth approximately $32,000. Cornerstone Planning Group LLC raised its stake in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Chubb during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Evercore increased their target price on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $366.00 price target on shares of Chubb in a research report on Thursday, February 5th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Mizuho raised their price objective on Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Bank of America dropped their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $340.81.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.86% of the company’s stock.

Chubb Stock Down 1.2%

NYSE:CB opened at $323.95 on Tuesday. The company has a market cap of $126.39 billion, a PE ratio of 12.59, a P/E/G ratio of 2.06 and a beta of 0.46. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $318.39 and its two-hundred day moving average is $298.28.

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, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter last year, the company posted $6.02 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s dividend payout ratio is presently 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.