Cwm LLC Has $2.23 Million Stock Position in Chubb Limited (NYSE:CB)

Cwm LLC cut its position in Chubb Limited (NYSE:CB) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,872 shares of the financial services provider’s stock after selling 1,093 shares during the quarter. Cwm LLC’s holdings in Chubb were worth $2,231,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ZRC Wealth Management LLC bought a new stake in Chubb in the fourth quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners bought a new stake in Chubb in the 4th quarter valued at $32,000. Naples Money Management LLC acquired a new stake in Chubb during the 4th quarter valued at $34,000. Bell Investment Advisors Inc boosted its position in Chubb by 39.6% during the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 59 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in shares of Chubb in the fourth quarter valued at $59,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on CB. HSBC reaffirmed a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Roth Mkm restated a “buy” rating and set a $280.00 price objective on shares of Chubb in a report on Wednesday. Raymond James increased their target price on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. UBS Group boosted their price target on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Finally, TD Cowen started coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Stock Up 1.2 %

NYSE CB opened at $245.99 on Friday. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The business has a fifty day moving average price of $252.44 and a two-hundred day moving average price of $235.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $99.87 billion, a PE ratio of 10.92, a PEG ratio of 1.17 and a beta of 0.62.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a return on equity of 16.74% and a net margin of 17.99%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.41 earnings per share. Equities analysts expect that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.27%.

Insider Buying and Selling at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chubb news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock worth $29,766,694 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

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.