Independent Advisor Alliance Cuts Stake in Chubb Limited (NYSE:CB)

Independent Advisor Alliance reduced its stake in Chubb Limited (NYSE:CB) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,970 shares of the financial services provider’s stock after selling 751 shares during the period. Independent Advisor Alliance’s holdings in Chubb were worth $10,215,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb during the third quarter valued at $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the third quarter valued at $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb during the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb during the third quarter valued at $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 2.3 %

CB stock opened at $293.32 on Tuesday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market cap of $117.45 billion, a P/E ratio of 12.91, a PEG ratio of 3.36 and a beta of 0.66. The business’s 50-day moving average price is $272.37 and its 200-day moving average price is $280.50.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.24%. Chubb’s payout ratio is currently 16.02%.

Insider Activity

In related news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $299.27.

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.