Intech Investment Management LLC Sells 21,581 Shares of Chubb Limited (NYSE:CB)

Intech Investment Management LLC lessened its position in Chubb Limited (NYSE:CBFree Report) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,555 shares of the financial services provider’s stock after selling 21,581 shares during the quarter. Intech Investment Management LLC’s holdings in Chubb were worth $8,487,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CB. Private Advisor Group LLC raised its position in Chubb by 8.8% in the 3rd quarter. Private Advisor Group LLC now owns 9,265 shares of the financial services provider’s stock valued at $1,929,000 after buying an additional 752 shares during the last quarter. Lincoln National Corp raised its position in Chubb by 24.2% in the 3rd quarter. Lincoln National Corp now owns 7,529 shares of the financial services provider’s stock valued at $1,567,000 after buying an additional 1,466 shares during the last quarter. Parsons Capital Management Inc. RI raised its position in Chubb by 3.1% in the 3rd quarter. Parsons Capital Management Inc. RI now owns 4,779 shares of the financial services provider’s stock valued at $995,000 after buying an additional 145 shares during the last quarter. Childress Capital Advisors LLC acquired a new stake in Chubb in the 3rd quarter valued at approximately $302,000. Finally, Wealthspire Advisors LLC increased its position in shares of Chubb by 53.8% during the 3rd quarter. Wealthspire Advisors LLC now owns 3,464 shares of the financial services provider’s stock worth $721,000 after purchasing an additional 1,212 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 0.6 %

NYSE:CB traded up $1.68 on Friday, hitting $264.76. The stock had a trading volume of 862,636 shares, compared to its average volume of 1,701,991. The business’s fifty day moving average is $253.77 and its 200 day moving average is $241.73. The company has a market cap of $107.51 billion, a PE ratio of 11.75, a P/E/G ratio of 9.39 and a beta of 0.63. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $275.41.

Chubb (NYSE:CBGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same quarter in the prior year, the company earned $4.41 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities research analysts expect that Chubb Limited will post 21.23 EPS for the current fiscal 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 issued a $0.91 dividend. 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. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is currently 15.27%.

Insider Activity

In related news, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now directly owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now directly owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The disclosure for this sale can be found here. Insiders have sold 145,815 shares of company stock worth $37,349,247 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CB. Evercore ISI boosted their price target on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. UBS Group boosted their price target on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. The Goldman Sachs Group boosted their price target on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Roth Mkm reaffirmed a “buy” rating and set a $280.00 price target on shares of Chubb in a research report on Wednesday, April 24th. Finally, Morgan Stanley boosted their target price on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and a consensus target price of $266.70.

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Chubb Profile

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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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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