SG Americas Securities LLC Sells 168,793 Shares of Chubb Limited $CB

SG Americas Securities LLC decreased its stake in Chubb Limited (NYSE:CB) by 68.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,575 shares of the financial services provider’s stock after selling 168,793 shares during the period. SG Americas Securities LLC’s holdings in Chubb were worth $25,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CB. CBIZ Investment Advisory Services LLC boosted its holdings in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb during the 3rd quarter worth about $31,000. Laurel Wealth Advisors LLC acquired a new position in shares of Chubb during the fourth quarter valued at about $31,000. Ares Financial Consulting LLC acquired a new position in shares of Chubb during the fourth quarter valued at about $32,000. Finally, Cherry Tree Wealth Management LLC lifted its stake in shares of Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after buying an additional 31 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.9%

CB opened at $335.22 on Thursday. The firm’s 50-day simple moving average is $324.76 and its 200-day simple moving average is $320.92. 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 twelve month low of $264.10 and a twelve month high of $345.67. The firm has a market cap of $130.02 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.70 and a beta of 0.41.

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

Chubb Increases Dividend

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

Insider Activity

In other news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred on Wednesday, May 27th. The shares were 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 in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent research reports. Citizens Jmp lifted their target price on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Barclays cut their price target on Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a report on Friday, June 12th. BMO Capital Markets lifted their price objective on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Finally, Mizuho cut their target price on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $349.10.

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.