Legacy Capital Wealth Partners LLC Decreases Stock Holdings in Chubb Limited (NYSE:CB)

Legacy Capital Wealth Partners LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,148 shares of the financial services provider’s stock after selling 125 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Chubb were worth $711,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. ZRC Wealth Management LLC purchased a new stake in Chubb in the fourth quarter worth $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb in the 4th quarter worth about $32,000. Naples Money Management LLC bought a new stake in shares of Chubb during the 4th quarter valued at about $34,000. Bell Investment Advisors Inc increased its position in shares of Chubb by 39.6% during the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after buying an additional 59 shares during the period. Finally, Addison Advisors LLC raised its stake in Chubb by 87.0% in the fourth quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock worth $49,000 after buying an additional 100 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated 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 transaction, 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 filing with the SEC, which can be accessed through this hyperlink. 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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock valued at $29,766,694 over the last 90 days. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Royal Bank of Canada reduced their target price on Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday. BMO Capital Markets raised their price objective on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. Evercore ISI upped their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Roth Mkm reissued a “buy” rating and set a $280.00 price target on shares of Chubb in a research report on Wednesday, April 24th. Finally, UBS Group boosted their price objective on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Moderate Buy” and an average price target of $266.89.

Chubb Stock Down 0.2 %

Chubb stock opened at $245.45 on Monday. The firm has a market cap of $99.65 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.16 and a beta of 0.62. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The stock has a fifty day simple moving average of $252.33 and a two-hundred day simple moving average of $235.88.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.41 EPS. Equities analysts predict that Chubb Limited will post 21.17 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid 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 dividend payout ratio (DPR) is currently 15.27%.

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.