Rockefeller Capital Management L.P. Sells 2,362 Shares of Chubb Limited $CB

Rockefeller Capital Management L.P. lessened its holdings in shares of Chubb Limited (NYSE:CB) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,606 shares of the financial services provider’s stock after selling 2,362 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Chubb were worth $83,555,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. World Investment Advisors raised its holdings in shares of Chubb by 8.6% in the 4th quarter. World Investment Advisors now owns 38,821 shares of the financial services provider’s stock worth $12,117,000 after acquiring an additional 3,087 shares during the last quarter. Farmers National Bank lifted its position in Chubb by 13.6% in the 4th quarter. Farmers National Bank now owns 1,261 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 151 shares in the last quarter. Winthrop Partners WNY LLC acquired a new position in Chubb during the 4th quarter valued at about $3,062,000. Corient Private Wealth LLC boosted its stake in Chubb by 46.1% during the 4th quarter. Corient Private Wealth LLC now owns 590,999 shares of the financial services provider’s stock valued at $184,492,000 after purchasing an additional 186,481 shares during the last quarter. Finally, Union Savings Bank bought a new stake in Chubb during the 4th quarter worth approximately $105,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CB shares. Evercore raised their target price on Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Mizuho cut their target price on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Wells Fargo & Company increased their price target on Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. BMO Capital Markets increased their price target on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $349.10.

Chubb Price Performance

Chubb stock opened at $323.88 on Friday. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company’s 50 day moving average price is $324.70 and its two-hundred day moving average price is $319.96. The stock has a market cap of $125.62 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.65 and a beta of 0.41. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities analysts predict that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a $1.02 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s payout ratio is presently 14.41%.

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by company insiders.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.