DDD Partners LLC Lowers Stock Holdings in Chubb Limited (NYSE:CB)

DDD Partners LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,087 shares of the financial services provider’s stock after selling 476 shares during the quarter. Chubb comprises about 2.6% of DDD Partners LLC’s holdings, making the stock its 14th largest position. DDD Partners LLC’s holdings in Chubb were worth $19,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CB. State Street Corp lifted its position in Chubb by 1.0% in the second quarter. State Street Corp now owns 18,670,426 shares of the financial services provider’s stock valued at $3,610,928,000 after purchasing an additional 181,441 shares during the period. Wellington Management Group LLP lifted its position in Chubb by 0.8% in the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares during the period. Deutsche Bank AG lifted its position in Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares during the period. Moneta Group Investment Advisors LLC lifted its position in shares of Chubb by 102,751.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after acquiring an additional 8,281,754 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Chubb by 0.8% during the 1st quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider’s stock valued at $1,517,747,000 after acquiring an additional 60,630 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.9 %

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 PE ratio of 11.84, a P/E/G ratio of 1.21 and a beta of 0.62. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $12.88 billion. On average, analysts predict that Chubb Limited will post 21.16 EPS for the current year.

Chubb Announces Dividend

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

Insider Transactions at Chubb

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

Wall Street Analyst Weigh In

CB has been the subject of a number of research reports. BMO Capital Markets lifted their price target on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. JMP Securities upped their price objective on Chubb from $250.00 to $280.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Royal Bank of Canada upped their price objective on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Wells Fargo & Company upped their price objective on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Finally, Citigroup restated a “neutral” rating and issued a $275.00 price objective (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $255.06.

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.