Heritage Wealth Management LLC Sells 67 Shares of Chubb Limited (NYSE:CB)

Heritage Wealth Management LLC lessened its position in shares of Chubb Limited (NYSE:CB) by 17.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 328 shares of the financial services provider’s stock after selling 67 shares during the period. Heritage Wealth Management LLC’s holdings in Chubb were worth $57,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Destiny Wealth Partners LLC acquired a new position in Chubb during the 3rd quarter valued at approximately $30,000. Samalin Investment Counsel LLC acquired a new position in Chubb during the 2nd quarter valued at approximately $35,000. Capital Directions Investment Advisors LLC acquired a new position in Chubb during the 2nd quarter valued at approximately $36,000. Jones Financial Companies Lllp increased its stake in Chubb by 107.0% during the 2nd quarter. Jones Financial Companies Lllp now owns 236 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 122 shares in the last quarter. Finally, Evermay Wealth Management LLC acquired a new stake in shares of Chubb in the second quarter worth $49,000. Hedge funds and other institutional investors own 87.31% of the company’s stock.

In related news, Vice Chairman Paul J. Krump sold 30,925 shares of the firm’s stock in a transaction dated Friday, October 29th. The shares were sold at an average price of $196.97, for a total transaction of $6,091,297.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John W. Keogh sold 28,494 shares of the firm’s stock in a transaction dated Friday, December 3rd. The stock was sold at an average price of $181.23, for a total transaction of $5,163,967.62. The disclosure for this sale can be found here. Insiders sold 74,804 shares of company stock valued at $14,255,494 over the last quarter. Company insiders own 0.39% of the company’s stock.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $189.00 to $203.00 in a research note on Thursday, January 6th. Zacks Investment Research lowered shares of Chubb from a “buy” rating to a “hold” rating and set a $185.00 price objective on the stock. in a research note on Tuesday, September 28th. Jefferies Financial Group assumed coverage on shares of Chubb in a research note on Thursday, November 18th. They issued a “buy” rating and a $235.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Chubb in a research note on Monday, November 22nd. They issued a “buy” rating and a $230.00 price objective on the stock. Finally, Royal Bank of Canada increased their price target on shares of Chubb from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, October 28th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Chubb presently has an average rating of “Buy” and an average target price of $210.19.

CB opened at $196.26 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The company has a market cap of $84.54 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.40 and a beta of 0.81. Chubb Limited has a 52-week low of $144.00 and a 52-week high of $201.32. The firm’s fifty day simple moving average is $191.29 and its two-hundred day simple moving average is $182.32.

Chubb (NYSE:CB) last issued its earnings results on Monday, October 25th. The financial services provider reported $2.64 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.48. The business had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.21 billion. Chubb had a net margin of 21.20% and a return on equity of 9.01%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.00 earnings per share. On average, research analysts forecast that Chubb Limited will post 12.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 7th. Stockholders of record on Friday, December 17th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Thursday, December 16th. Chubb’s dividend payout ratio (DPR) is 16.28%.

Chubb Company Profile

Chubb Ltd. is a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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