HUB Investment Partners LLC Sells 158 Shares of Chubb Limited (NYSE:CB)

HUB Investment Partners LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 17.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 753 shares of the financial services provider’s stock after selling 158 shares during the period. HUB Investment Partners LLC’s holdings in Chubb were worth $208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC raised its stake in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after acquiring an additional 1,052,999 shares during the period. Raymond James Financial Inc. bought a new stake in Chubb in the 4th quarter valued at $1,158,897,000. Charles Schwab Investment Management Inc. raised its stake in Chubb by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider’s stock valued at $617,573,000 after acquiring an additional 46,068 shares during the period. Barclays PLC raised its stake in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after acquiring an additional 388,746 shares during the period. Finally, Amundi raised its stake in Chubb by 8.1% in the 4th quarter. Amundi now owns 1,308,179 shares of the financial services provider’s stock valued at $348,826,000 after acquiring an additional 97,705 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

CB opened at $291.08 on Friday. The firm has a market cap of $116.55 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The business’s fifty day moving average is $276.57 and its 200-day moving average is $281.26.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $301.00.

Insider Activity at Chubb

In other Chubb news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the transaction, the chief executive officer now owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 over the last ninety days. 0.86% of the stock is owned by corporate insiders.

Chubb Company Profile

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.