Cypress Capital Group Has $212,000 Stock Position in Chubb Limited (NYSE:CB)

Cypress Capital Group decreased its position in Chubb Limited (NYSE:CB – Get Rating) by 51.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,164 shares of the financial services provider’s stock after selling 1,235 shares during the period. Cypress Capital Group’s holdings in Chubb were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC raised its position in Chubb by 10.1% during the first quarter. Carolinas Wealth Consulting LLC now owns 555 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 51 shares in the last quarter. Fiduciary Group LLC raised its position in Chubb by 3.4% during the second quarter. Fiduciary Group LLC now owns 1,589 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 52 shares in the last quarter. Linscomb & Williams Inc. raised its position in Chubb by 3.0% during the second quarter. Linscomb & Williams Inc. now owns 1,814 shares of the financial services provider’s stock valued at $357,000 after purchasing an additional 52 shares in the last quarter. Unison Advisors LLC raised its position in Chubb by 0.4% during the third quarter. Unison Advisors LLC now owns 13,016 shares of the financial services provider’s stock valued at $2,378,000 after purchasing an additional 52 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in Chubb by 4.2% during the third quarter. SRS Capital Advisors Inc. now owns 1,303 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 87.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CB. Wells Fargo & Company boosted their price objective on shares of Chubb from $250.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, October 27th. MKM Partners boosted their price objective on shares of Chubb from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, December 5th. Atlantic Securities upgraded shares of Chubb from a “neutral” rating to an “overweight” rating and set a $240.00 price target for the company in a report on Tuesday, November 15th. Jefferies Financial Group downgraded shares of Chubb from a “buy” rating to a “hold” rating and upped their price target for the stock from $241.00 to $246.00 in a report on Monday, January 9th. Finally, Raymond James upped their price target on shares of Chubb from $260.00 to $270.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 27th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $242.33.

Chubb Stock Performance

Shares of Chubb stock opened at $228.35 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. Chubb Limited has a twelve month low of $173.78 and a twelve month high of $230.27. The stock has a market cap of $94.78 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 1.28 and a beta of 0.68. The company’s fifty day moving average is $218.80 and its 200 day moving average is $202.25.

Chubb (NYSE:CB – Get Rating) last issued its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.15. Chubb had a net margin of 14.70% and a return on equity of 11.89%. The company had revenue of $10.75 billion for the quarter, compared to analysts’ expectations of $10.71 billion. During the same quarter in the previous year, the firm posted $2.64 earnings per share. Chubb’s revenue for the quarter was up 8.5% on a year-over-year basis. Sell-side analysts forecast that Chubb Limited will post 15.41 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Friday, December 16th were paid a $0.83 dividend. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $3.32 annualized dividend and a dividend yield of 1.45%. Chubb’s dividend payout ratio is 23.15%.

Insider Buying and Selling

In other Chubb news, EVP Sean Ringsted sold 12,686 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $210.37, for a total transaction of $2,668,753.82. Following the sale, the executive vice president now owns 212,995 shares of the company’s stock, valued at $44,807,758.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $209.51, for a total transaction of $3,142,650.00. Following the sale, the executive vice president now owns 45,117 shares of the company’s stock, valued at $9,452,462.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sean Ringsted sold 12,686 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $210.37, for a total transaction of $2,668,753.82. Following the sale, the executive vice president now directly owns 212,995 shares in the company, valued at approximately $44,807,758.15. The disclosure for this sale can be found here. Insiders have sold a total of 70,786 shares of company stock valued at $14,975,790 over the last 90 days. 0.39% of the stock is owned by insiders.

Chubb Profile

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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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.