Trexquant Investment LP Sells 25,704 Shares of Chubb Limited (NYSE:CB)

Trexquant Investment LP reduced its stake in Chubb Limited (NYSE:CBFree Report) by 65.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,492 shares of the financial services provider’s stock after selling 25,704 shares during the period. Trexquant Investment LP’s holdings in Chubb were worth $3,049,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ZRC Wealth Management LLC acquired a new position in shares of Chubb in the fourth quarter valued at about $29,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb in the fourth quarter valued at approximately $32,000. Northwest Financial Advisors acquired a new position in shares of Chubb in the fourth quarter valued at approximately $33,000. Naples Money Management LLC acquired a new position in shares of Chubb in the fourth quarter valued at approximately $34,000. Finally, EdgeRock Capital LLC acquired a new stake in Chubb during the 4th quarter valued at approximately $35,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 0.6 %

NYSE:CB traded up $1.68 during trading hours on Friday, hitting $264.76. 862,636 shares of the company traded hands, compared to its average volume of 1,701,991. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $253.77 and its 200-day simple moving average is $241.57. Chubb Limited has a one year low of $183.71 and a one year high of $275.41. The company has a market cap of $107.51 billion, a PE ratio of 11.75, a PEG ratio of 9.33 and a beta of 0.63.

Chubb (NYSE:CBGet Free Report) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.41 EPS. Equities analysts predict that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a $0.91 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, June 14th. Chubb’s dividend payout ratio is currently 15.27%.

Insider Activity

In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael G. Atieh sold 716 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the sale, the director now owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Insiders have sold a total of 145,815 shares of company stock valued at $37,349,247 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent analyst reports. Roth Mkm reissued a “buy” rating and set a $280.00 target price on shares of Chubb in a research report on Wednesday, April 24th. BMO Capital Markets increased their target price on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. UBS Group increased their target price on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. StockNews.com downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, HSBC reaffirmed a “hold” rating and set a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average price target of $266.70.

Check Out Our Latest Analysis on Chubb

About Chubb

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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