Chubb Limited $CB Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV reduced its position in Chubb Limited (NYSE:CB) by 32.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,751 shares of the financial services provider’s stock after selling 3,261 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Chubb were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Chubb by 0.6% during the second quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock worth $10,643,993,000 after purchasing an additional 210,053 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Chubb by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock worth $2,541,771,000 after purchasing an additional 30,721 shares during the last quarter. Bank of America Corp DE increased its stake in Chubb by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after buying an additional 513,852 shares in the last quarter. Norges Bank purchased a new position in shares of Chubb in the second quarter valued at approximately $1,195,137,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Chubb by 0.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,253,607 shares of the financial services provider’s stock valued at $652,915,000 after purchasing an additional 18,820 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 16,375 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $296.45, for a total value of $4,854,368.75. Following the transaction, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 850 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the transaction, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. The trade was a 34.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,333 shares of company stock worth $16,629,873 over the last ninety days. Corporate insiders own 0.77% of the company’s stock.

Chubb Trading Down 0.2%

CB opened at $300.60 on Friday. The business has a fifty day moving average price of $303.22 and a 200 day moving average price of $285.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a 12 month low of $263.14 and a 12 month high of $316.94. The stock has a market capitalization of $118.30 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 3.14 and a beta of 0.51.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter last year, the business posted $5.72 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio is 16.19%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Chubb from a “neutral” rating to a “buy” rating and upped their price objective for the company from $309.00 to $351.00 in a research note on Wednesday, January 7th. Morgan Stanley set a $350.00 target price on shares of Chubb in a research note on Friday. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Friday. Cantor Fitzgerald increased their price target on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Citizens Jmp lifted their price target on shares of Chubb from $325.00 to $350.00 and gave the company a “market outperform” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chubb currently has a consensus rating of “Moderate Buy” and an average price target of $323.81.

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.