Chubb Limited (NYSE:CB) Shares Sold by Courier Capital LLC

Courier Capital LLC decreased its position in Chubb Limited (NYSE:CB) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,598 shares of the financial services provider’s stock after selling 80 shares during the quarter. Courier Capital LLC’s holdings in Chubb were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new stake in Chubb during the 4th quarter worth approximately $25,000. IMA Wealth Inc. increased its position in Chubb by 275.7% during the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 102 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Chubb during the 3rd quarter worth approximately $28,000. ZRC Wealth Management LLC acquired a new stake in Chubb during the 4th quarter worth approximately $29,000. Finally, Bell Investment Advisors Inc increased its position in Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CB shares. Wells Fargo & Company increased their target price on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. BMO Capital Markets increased their target price on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. Raymond James upped their price target on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Citigroup restated a “neutral” rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Finally, The Goldman Sachs Group cut Chubb from a “buy” rating to a “neutral” rating and set a $222.00 price target for the company. in a report on Monday, January 8th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $255.06.

Chubb Stock Performance

Shares of NYSE CB opened at $258.50 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $249.27 and its two-hundred day moving average is $229.46. The company has a market cap of $104.89 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.21 and a beta of 0.62. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping the consensus estimate of $5.07 by $3.23. The company had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, equities analysts expect that Chubb Limited will post 21.16 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, March 14th. Chubb’s dividend payout ratio is 15.76%.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,043 shares of company stock worth $29,766,694. 0.37% of the stock is currently owned by insiders.

About Chubb

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.