Anchor Investment Management LLC Lowers Holdings in Chubb Limited (NYSE:CB)

Anchor Investment Management LLC lessened its stake in Chubb Limited (NYSE:CB) by 38.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 355 shares of the financial services provider’s stock after selling 223 shares during the quarter. Anchor Investment Management LLC’s holdings in Chubb were worth $98,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CB. Barclays PLC boosted its position in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares in the last quarter. Invst LLC grew its position in Chubb by 6.0% during the third quarter. Invst LLC now owns 915 shares of the financial services provider’s stock valued at $264,000 after buying an additional 52 shares during the period. Boyar Asset Management Inc. increased its holdings in Chubb by 3.8% in the third quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider’s stock valued at $804,000 after buying an additional 102 shares in the last quarter. World Investment Advisors LLC raised its position in shares of Chubb by 895.5% in the third quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider’s stock worth $9,281,000 after acquiring an additional 28,950 shares during the period. Finally, Sfmg LLC boosted its stake in shares of Chubb by 2.4% during the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider’s stock worth $485,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last 90 days. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CB shares. Wells Fargo & Company cut their price target on Chubb from $271.00 to $268.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $307.21.

Chubb Stock Performance

Shares of Chubb stock opened at $285.51 on Thursday. The business’s 50 day moving average price is $283.89 and its 200 day moving average price is $281.27. The company has a market cap of $114.40 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a one year low of $238.85 and a one year high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.