Intech Investment Management LLC Sells 2,527 Shares of Chubb Limited $CB

Intech Investment Management LLC lessened its stake in Chubb Limited (NYSE:CB) by 9.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,331 shares of the financial services provider’s stock after selling 2,527 shares during the period. Intech Investment Management LLC’s holdings in Chubb were worth $6,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CB. Mitchell & Pahl Private Wealth LLC grew its position in shares of Chubb by 0.5% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after buying an additional 35 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Chubb by 7.4% in the third quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 36 shares during the last quarter. Covestor Ltd grew its holdings in Chubb by 26.1% in the third quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 37 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Chubb by 1.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,573 shares of the financial services provider’s stock valued at $1,008,000 after purchasing an additional 37 shares during the last quarter. Finally, JT Stratford LLC lifted its holdings in shares of Chubb by 3.5% during the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 38 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

NYSE:CB opened at $340.29 on Friday. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $342.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24. The company has a fifty day moving average of $315.97 and a two-hundred day moving average of $295.53. The stock has a market capitalization of $133.92 billion, a PE ratio of 13.23, a P/E/G ratio of 2.15 and a beta of 0.49.

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

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a $0.97 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.1%. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CB. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Wolfe Research lifted their price target on Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. HSBC lifted their target price on Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets raised their target price on shares of Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $340.81.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the 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 sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.77% of the company’s stock.

Chubb Company 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.