Todd Asset Management LLC Reduces Stock Position in Chubb Limited $CB

Todd Asset Management LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 28.1% in the third quarter, Holdings Channel reports. The institutional investor owned 187,713 shares of the financial services provider’s stock after selling 73,305 shares during the quarter. Todd Asset Management LLC’s holdings in Chubb were worth $52,984,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its position in shares of Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in Chubb in the second quarter valued at about $32,000. Cornerstone Planning Group LLC raised its stake in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in Chubb during the 3rd quarter worth approximately $34,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 54,307 shares of company stock worth $17,611,016. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CB shares. Morgan Stanley set a $350.00 price target on Chubb in a report on Friday, January 16th. Cantor Fitzgerald boosted their target price on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. UBS Group reissued a “neutral” rating and set a $340.00 target price on shares of Chubb in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Finally, Bank of America dropped their price target on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $340.09.

Chubb Trading Down 2.4%

NYSE:CB opened at $324.57 on Monday. The stock has a market cap of $127.73 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.07 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24. Chubb Limited has a 1 year low of $263.14 and a 1 year high of $335.60. The business has a fifty day moving average of $310.71 and a 200-day moving average of $291.39.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.02 earnings per share. Equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is currently 15.08%.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.