Chubb Limited $CB Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC lowered its stake in Chubb Limited (NYSE:CB) by 28.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 187,713 shares of the financial services provider’s stock after selling 73,305 shares during the quarter. Todd Asset Management LLC’s holdings in Chubb were worth $52,984,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CB. Brighton Jones LLC raised its stake in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Chubb during the fourth quarter worth about $205,000. Woodline Partners LP raised its position in shares of Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after buying an additional 175 shares during the period. Finally, Mutual Advisors LLC boosted its position in Chubb by 34.7% during the second quarter. Mutual Advisors LLC now owns 2,977 shares of the financial services provider’s stock worth $801,000 after acquiring an additional 767 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CB shares. The Goldman Sachs Group reissued a “buy” rating and issued a $366.00 price target on shares of Chubb in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a report on Monday, November 24th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Mizuho lifted their price target on shares of Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Finally, Cantor Fitzgerald upped their price objective on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $340.09.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the transaction, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 54,307 shares of company stock valued at $17,611,016. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

NYSE:CB opened at $324.57 on Monday. The firm’s fifty day simple moving average is $310.71 and its 200 day simple moving average is $291.39. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $263.14 and a twelve month high of $335.60. The firm has a market capitalization of $127.73 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.07 and a beta of 0.49.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.02 EPS. As a group, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is 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.