Chubb Limited $CB Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV lowered its stake in shares of Chubb Limited (NYSE:CB) by 93.5% during the fourth quarter, Holdings Channel reports. The fund owned 6,305 shares of the financial services provider’s stock after selling 90,202 shares during the quarter. Resources Management Corp CT ADV’s holdings in Chubb were worth $1,968,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Chubb in the 3rd quarter worth about $31,000. Laurel Wealth Advisors LLC acquired a new stake in Chubb in the 4th quarter worth about $31,000. Ares Financial Consulting LLC acquired a new stake in Chubb in the 4th quarter worth about $32,000. Finally, Cherry Tree Wealth Management LLC boosted its stake in Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB opened at $328.06 on Monday. The company has a market cap of $127.24 billion, a P/E ratio of 11.58, a PEG ratio of 1.68 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The business’s 50-day simple moving average is $324.93 and its 200 day simple moving average is $319.10.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion for the quarter. On average, sell-side analysts forecast that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, June 12th. This represents a $4.08 annualized dividend and a yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Insider Activity at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CB shares. Citizens Jmp raised their price target on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 22nd. Evercore raised their price target on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Wolfe Research raised their price target on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Barclays decreased their price target on Chubb from $375.00 to $368.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Bank of America decreased their price target on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, eight 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, Chubb currently has an average rating of “Moderate Buy” and an average price target of $349.10.

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.