GTS Securities LLC Has $939,000 Stock Position in Chubb Limited (NYSE:CB)

GTS Securities LLC reduced its position in Chubb Limited (NYSE:CB) by 79.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,397 shares of the financial services provider’s stock after selling 13,283 shares during the period. GTS Securities LLC’s holdings in Chubb were worth $939,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after acquiring an additional 388,746 shares during the period. Mutual Advisors LLC boosted its holdings in shares of Chubb by 25.5% during the fourth quarter. Mutual Advisors LLC now owns 2,071 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 421 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Chubb by 2.3% during the fourth quarter. Avior Wealth Management LLC now owns 4,412 shares of the financial services provider’s stock worth $1,219,000 after acquiring an additional 98 shares during the period. Brighton Jones LLC boosted its holdings in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Chubb by 4.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,188 shares of the financial services provider’s stock worth $1,157,000 after acquiring an additional 184 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This represents a 33.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,553 shares of company stock worth $43,257,220. Corporate insiders own 0.77% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $286.31 on Friday. 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 firm has a market capitalization of $114.73 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 3.36 and a beta of 0.57. The firm’s 50 day simple moving average is $288.21 and its 200 day simple moving average is $281.06. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a dividend of $0.97 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.36%. Chubb’s dividend payout ratio (DPR) is currently 18.67%.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of research analyst reports. UBS Group boosted their price objective on Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a report on Monday, April 28th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Wells Fargo & Company raised their target price on shares of Chubb from $268.00 to $278.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $307.53.

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.