Chubb Ltd (NYSE:CB) Shares Sold by Williams Jones & Associates LLC
Williams Jones & Associates LLC decreased its position in shares of Chubb Ltd (NYSE:CB) by 81.2% during the first quarter, HoldingsChannel.com reports. The fund owned 4,721 shares of the financial services provider’s stock after selling 20,366 shares during the period. Williams Jones & Associates LLC’s holdings in Chubb were worth $661,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of CB. TCG Advisors LP bought a new position in Chubb in the 1st quarter valued at approximately $343,000. KC Investment Advisors LLC lifted its position in Chubb by 5.2% in the 1st quarter. KC Investment Advisors LLC now owns 2,435 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 120 shares in the last quarter. Neuburgh Advisers LLC lifted its position in Chubb by 28.7% in the 1st quarter. Neuburgh Advisers LLC now owns 24,718 shares of the financial services provider’s stock valued at $3,462,000 after acquiring an additional 5,508 shares in the last quarter. Wealthfront Advisers LLC lifted its position in Chubb by 25.1% in the 1st quarter. Wealthfront Advisers LLC now owns 20,313 shares of the financial services provider’s stock valued at $2,845,000 after acquiring an additional 4,080 shares in the last quarter. Finally, QCM Cayman Ltd. lifted its position in Chubb by 90.5% in the 1st quarter. QCM Cayman Ltd. now owns 21,359 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 10,148 shares in the last quarter. Hedge funds and other institutional investors own 89.04% of the company’s stock.
In other news, insider Philip V. Bancroft sold 50,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $148.77, for a total value of $7,438,500.00. Following the completion of the sale, the insider now directly owns 243,992 shares in the company, valued at approximately $36,298,689.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul J. Krump sold 3,450 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.00, for a total value of $500,250.00. Following the completion of the sale, the insider now owns 139,160 shares of the company’s stock, valued at $20,178,200. The disclosure for this sale can be found here. Insiders sold a total of 126,498 shares of company stock valued at $18,684,573 over the last 90 days. 0.47% of the stock is currently owned by company insiders.
Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.05. The firm had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $7.55 billion. Chubb had a return on equity of 8.76% and a net margin of 11.55%. During the same period in the prior year, the firm earned $2.34 EPS. Equities research analysts anticipate that Chubb Ltd will post 10.56 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 21st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.02%. This is a positive change from Chubb’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, June 20th. Chubb’s dividend payout ratio is 30.93%.
Several equities analysts recently issued reports on the company. ValuEngine raised Chubb from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. Zacks Investment Research raised Chubb from a “sell” rating to a “hold” rating in a research report on Wednesday, May 22nd. UBS Group cut Chubb from a “buy” rating to a “neutral” rating and increased their price target for the company from $146.00 to $154.00 in a report on Thursday, May 23rd. Barclays increased their price target on Chubb from $160.00 to $167.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Finally, Compass Point cut Chubb from a “buy” rating to a “neutral” rating and lowered their price target for the company from $165.00 to $156.00 in a report on Wednesday, May 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $150.10.
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Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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