MassMutual Private Wealth & Trust FSB Trims Stake in Chubb Limited $CB

MassMutual Private Wealth & Trust FSB cut its position in shares of Chubb Limited (NYSE:CB) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,708 shares of the financial services provider’s stock after selling 1,798 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Chubb were worth $30,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in CB. Westbourne Investment Advisors Inc. increased its position in Chubb by 12.3% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock valued at $6,275,000 after purchasing an additional 2,427 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Chubb by 166.3% in the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $1,046,000 after purchasing an additional 2,315 shares during the period. Caprock Group LLC bought a new position in shares of Chubb during the third quarter valued at approximately $3,123,000. Liberty One Investment Management LLC bought a new position in shares of Chubb during the third quarter valued at approximately $51,167,000. Finally, Cooke & Bieler LP increased its holdings in Chubb by 21.3% during the third quarter. Cooke & Bieler LP now owns 606,011 shares of the financial services provider’s stock valued at $171,047,000 after buying an additional 106,237 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of CB stock opened at $322.86 on Friday. The business’s fifty day simple moving average is $321.25 and its 200-day simple moving average is $301.24. The company has a market cap of $125.97 billion, a PE ratio of 12.55, a PEG ratio of 2.03 and a beta of 0.46. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping 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 firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter last year, the firm earned $6.02 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be paid a $0.97 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 15.08%.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s 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 completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. The trade was a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 44,877 shares of company stock valued at $14,885,226. 0.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on CB. Citizens Jmp restated a “market outperform” rating and set a $350.00 target price on shares of Chubb in a report on Wednesday, February 4th. Barclays lifted their price target on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. Morgan Stanley set a $350.00 price objective on Chubb in a research report on Friday, January 16th. Finally, Roth Mkm lifted their target price on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $340.81.

Chubb Profile

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.