HighTower Advisors LLC Has $58.26 Million Position in Chubb Limited $CB

HighTower Advisors LLC cut its position in Chubb Limited (NYSE:CB) by 17.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,367 shares of the financial services provider’s stock after selling 44,378 shares during the quarter. HighTower Advisors LLC owned 0.05% of Chubb worth $58,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Westbourne Investment Advisors Inc. boosted its position in shares of Chubb by 12.3% during the third quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock valued at $6,275,000 after buying an additional 2,427 shares during the last quarter. Assetmark Inc. raised its position in Chubb by 14.1% in the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after buying an additional 8,828 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Chubb by 166.3% during the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock valued at $1,046,000 after acquiring an additional 2,315 shares in the last quarter. Liberty One Investment Management LLC purchased a new position in Chubb during the 3rd quarter worth $51,167,000. Finally, Caprock Group LLC bought a new stake in shares of Chubb in the 3rd quarter worth $3,123,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. BMO Capital Markets upped their target price on Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a report on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating and set a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Finally, HSBC boosted their price objective on Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $340.09.

Insider Activity

In other news, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following 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. The SEC filing for this sale provides additional information. Insiders sold 54,307 shares of company stock valued at $17,611,016 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $324.57 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $311.26 and a two-hundred day simple moving average of $291.80. Chubb Limited has a 1-year low of $263.14 and a 1-year high of $335.60. The firm has a market cap of $127.73 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 2.07 and a beta of 0.49.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.02 EPS. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a 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.