Chubb Limited (NYSE:CB) Shares Sold by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. trimmed its position in shares of Chubb Limited (NYSE:CB) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,570 shares of the financial services provider’s stock after selling 49 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Chubb were worth $1,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. Avidian Wealth Solutions LLC purchased a new position in shares of Chubb during the 4th quarter valued at approximately $205,000. Forte Capital LLC ADV bought a new position in Chubb during the 4th quarter valued at $223,000. Vestmark Advisory Solutions Inc. acquired a new position in Chubb during the 4th quarter worth $362,000. Todd Asset Management LLC bought a new stake in shares of Chubb in the 4th quarter worth about $31,290,000. Finally, Provence Wealth Management Group raised its stake in shares of Chubb by 4,763.6% in the 4th quarter. Provence Wealth Management Group now owns 1,070 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

CB traded down $1.71 during trading hours on Friday, hitting $248.54. The company’s stock had a trading volume of 1,444,710 shares, compared to its average volume of 1,737,362. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The company has a 50-day simple moving average of $251.96 and a 200 day simple moving average of $237.16. The firm has a market capitalization of $100.92 billion, a PE ratio of 11.03, a PEG ratio of 1.17 and a beta of 0.63.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion for 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 period last year, the company earned $4.41 earnings per share. As a group, sell-side analysts expect that Chubb Limited will post 21.18 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.27%.

Analyst Ratings Changes

CB has been the subject of a number of research reports. HSBC reiterated a “hold” rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. JMP Securities restated a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a research note on Monday, April 15th. UBS Group boosted their target price on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, BMO Capital Markets boosted their price objective 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. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.89.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Insiders have sold 108,863 shares of company stock worth $28,007,307 over the last quarter. 0.86% of the stock is currently owned by company insiders.

About Chubb

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.