Chubb Limited (NYSE:CB) Shares Sold by Imprint Wealth LLC

Imprint Wealth LLC lessened its stake in shares of Chubb Limited (NYSE:CB) by 14.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,156 shares of the financial services provider’s stock after selling 203 shares during the period. Imprint Wealth LLC’s holdings in Chubb were worth $268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CB. ICA Group Wealth Management LLC acquired a new position in Chubb during the fourth quarter worth $25,000. IMA Wealth Inc. increased its position in Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after buying an additional 102 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in Chubb during the third quarter worth $28,000. ZRC Wealth Management LLC acquired a new position in Chubb during the fourth quarter worth $29,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in Chubb during the fourth quarter worth $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Roth Mkm increased their target price on shares of Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Raymond James increased their target price on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Finally, The Goldman Sachs Group increased their target price on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

Insider Activity

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were 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 owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were 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 in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is owned by company insiders.

Chubb Trading Up 0.3 %

Chubb stock opened at $245.25 on Wednesday. The firm has a 50-day moving average of $252.50 and a 200-day moving average of $233.73. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $99.57 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The company had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. On average, equities analysts expect that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.40%. Chubb’s payout ratio is 15.76%.

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.