Cookson Peirce & Co. Inc. Sells 39 Shares of Chubb Limited (NYSE:CB)

Cookson Peirce & Co. Inc. reduced its stake in Chubb Limited (NYSE:CB) by 1.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,084 shares of the financial services provider’s stock after selling 39 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Chubb were worth $576,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Ironwood Investment Counsel LLC raised its holdings in Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 35 shares during the period. Continuum Advisory LLC increased its stake in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares in the last quarter. First Financial Bank Trust Division increased its stake in Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after buying an additional 37 shares in the last quarter. Rede Wealth LLC increased its stake in Chubb by 2.0% in the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after buying an additional 37 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its stake in Chubb by 1.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock worth $1,069,000 after buying an additional 40 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 1.2 %

CB opened at $287.52 on Thursday. The firm has a market cap of $115.90 billion, a P/E ratio of 12.65, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $271.67 and a 200 day moving average of $280.11.

Chubb (NYSE:CB) last released 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%. As a group, research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.27%. Chubb’s dividend payout ratio is currently 16.02%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CB shares. JPMorgan Chase & Co. increased their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company cut their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $299.27.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is currently owned by company insiders.

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.