Chubb Limited $CB Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. cut its holdings in Chubb Limited (NYSE:CB) by 93.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 926 shares of the financial services provider’s stock after selling 13,513 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Chubb were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Modern Wealth Management LLC boosted its position in shares of Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 143 shares during the period. Assetmark Inc. raised its holdings in Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after buying an additional 8,828 shares during the period. Trifecta Capital Advisors LLC lifted its stake in Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after buying an additional 130 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Chubb by 28.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock worth $16,750,000 after buying an additional 12,784 shares during the period. Finally, Jump Financial LLC boosted its holdings in shares of Chubb by 633.6% in the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after buying an additional 7,065 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 57,333 shares of company stock worth $16,629,873. Insiders own 0.86% of the company’s stock.

Chubb Trading Down 0.5%

Chubb stock opened at $311.19 on Wednesday. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $313.46. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $122.47 billion, a P/E ratio of 12.99, a P/E/G ratio of 3.57 and a beta of 0.51. The company’s fifty day simple moving average is $289.23 and its 200-day simple moving average is $282.36.

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

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is presently 16.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets restated a “market perform” rating and set a $283.00 price target on shares of Chubb in a report on Thursday, October 23rd. Evercore ISI boosted their target price on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Mizuho started coverage on Chubb in a report on Monday. They issued a “neutral” rating and a $318.00 target price for the company. Barclays lifted their price target on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and an average target price of $310.70.

Chubb 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.