Chubb Limited (NYSE:CB) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its holdings in shares of Chubb Limited (NYSE:CB) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 717,922 shares of the financial services provider’s stock after selling 33,943 shares during the period. ProShare Advisors LLC’s holdings in Chubb were worth $198,362,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CB. Sierra Ocean LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Chubb in the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $30,000. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Chubb by 254.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 89 shares in the last quarter. Finally, Human Investing LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 1.1%

CB opened at $282.11 on Thursday. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock’s fifty day moving average is $288.39 and its 200-day moving average is $280.63. The company has a market capitalization of $113.05 billion, a PE ratio of 12.42, a P/E/G ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s dividend payout ratio is presently 17.52%.

Analysts Set New Price Targets

Several research analysts have recently commented on CB shares. JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods cut their price target on Chubb from $316.00 to $314.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Finally, Raymond James reissued a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $307.86.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction 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 transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. The trade was a 4.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the transaction, the executive vice president now owns 78,422 shares in the company, valued at $23,120,374.04. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.77% of the company’s stock.

About Chubb

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.