Chubb Limited $CB Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Chubb Limited (NYSE:CB) by 26.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,584 shares of the financial services provider’s stock after selling 142,962 shares during the quarter. Victory Capital Management Inc.’s holdings in Chubb were worth $112,218,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CB. CI Investments Inc. raised its holdings in shares of Chubb by 7.2% in the 3rd quarter. CI Investments Inc. now owns 1,657 shares of the financial services provider’s stock valued at $468,000 after buying an additional 111 shares during the period. Focus Partners Advisor Solutions LLC lifted its position in shares of Chubb by 253.9% during the third quarter. Focus Partners Advisor Solutions LLC now owns 15,805 shares of the financial services provider’s stock worth $4,518,000 after purchasing an additional 11,339 shares in the last quarter. Becker Capital Management Inc. boosted its stake in shares of Chubb by 2.8% in the third quarter. Becker Capital Management Inc. now owns 86,268 shares of the financial services provider’s stock valued at $24,432,000 after purchasing an additional 2,341 shares during the period. Kingsview Wealth Management LLC grew its holdings in shares of Chubb by 188.8% in the third quarter. Kingsview Wealth Management LLC now owns 14,642 shares of the financial services provider’s stock valued at $4,133,000 after purchasing an additional 9,572 shares in the last quarter. Finally, 111 Capital increased its stake in Chubb by 242.1% during the 3rd quarter. 111 Capital now owns 4,636 shares of the financial services provider’s stock worth $1,309,000 after buying an additional 3,281 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Roth Mkm raised their price target on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Bank of America decreased their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a report on Friday, January 16th. Jefferies Financial Group boosted their target price on Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. Wolfe Research increased their price target on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Keefe, Bruyette & Woods boosted their price objective on Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $340.81.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction dated Thursday, February 5th. The stock was 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 in the company, valued at $169,572,096.72. This trade represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.77% of the company’s stock.

Chubb Trading Down 1.2%

NYSE:CB opened at $334.17 on Thursday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The stock has a market cap of $130.38 billion, a P/E ratio of 12.99, a P/E/G ratio of 2.15 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a 50-day simple moving average of $317.53 and a 200-day simple moving average of $297.04.

Chubb (NYSE:CB) last posted its earnings results 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 firm had revenue of $2.08 billion during 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 firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.02 earnings per share. As a group, analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders 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 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is presently 15.08%.

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.