Chubb Limited $CB Shares Sold by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 9.4% in the first quarter, HoldingsChannel reports. The firm owned 25,338 shares of the financial services provider’s stock after selling 2,614 shares during the quarter. Chubb makes up approximately 1.9% of Stokes Capital Advisors LLC’s holdings, making the stock its 21st largest holding. Stokes Capital Advisors LLC’s holdings in Chubb were worth $8,258,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb in the 3rd quarter worth about $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb in the 4th quarter worth about $31,000. Ares Financial Consulting LLC bought a new stake in Chubb in the 4th quarter valued at about $32,000. Finally, Cherry Tree Wealth Management LLC lifted its position in Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is currently owned by insiders.

Chubb Stock Down 1.3%

Chubb stock opened at $330.95 on Friday. The stock has a market cap of $128.36 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.71 and a beta of 0.41. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $324.86 and its two-hundred day moving average price is $321.17. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. On average, analysts expect that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio is presently 14.41%.

Wall Street Analyst Weigh In

Several research analysts have commented on CB shares. Wells Fargo & Company upped their target price on shares of Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price target on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Bank of America reduced their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. HSBC increased their price objective on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group lowered their target price on Chubb from $372.00 to $362.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $349.10.

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.