Henry James International Management Inc. Trims Stock Holdings in Chubb Limited $CB

Henry James International Management Inc. cut its holdings in shares of Chubb Limited (NYSE:CB) by 65.7% during the third quarter, HoldingsChannel.com reports. The fund owned 1,110 shares of the financial services provider’s stock after selling 2,122 shares during the quarter. Henry James International Management Inc.’s holdings in Chubb were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CB. Ashton Thomas Securities LLC purchased a new stake in Chubb in the 3rd quarter valued at $1,889,000. Jacobsen Capital Management increased its stake in Chubb by 8.3% in the third quarter. Jacobsen Capital Management now owns 837 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 64 shares during the period. Meadow Creek Wealth Advisors LLC raised its holdings in shares of Chubb by 1.4% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 4,391 shares of the financial services provider’s stock valued at $1,178,000 after buying an additional 61 shares during the last quarter. Kera Capital Partners Inc. acquired a new stake in shares of Chubb during the third quarter worth about $467,000. Finally, GWN Securities Inc. acquired a new stake in shares of Chubb during the third quarter worth about $2,709,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the sale, the executive vice president directly owned 1,585 shares in the company, valued at approximately $467,876.15. This trade represents a 34.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. This trade represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 57,333 shares of company stock valued at $16,629,873. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of several analyst reports. UBS Group upped their price objective on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Citigroup boosted their target price on Chubb from $331.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Mizuho began coverage on Chubb in a report on Monday, December 15th. They set a “neutral” rating and a $318.00 price target for the company. The Goldman Sachs Group upgraded shares of Chubb from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $309.00 to $351.00 in a research report on Wednesday, January 7th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $319.05.

Chubb Trading Down 2.0%

Shares of CB stock opened at $300.49 on Wednesday. The business’s fifty day moving average price is $302.25 and its 200 day moving average price is $285.63. Chubb Limited has a 1-year low of $260.97 and a 1-year high of $316.94. The firm has a market capitalization of $118.26 billion, a PE ratio of 12.54, a P/E/G ratio of 3.21 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.72 earnings per share. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a $0.97 dividend. The ex-dividend date was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is 16.19%.

Chubb Profile

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.