United Capital Financial Advisors LLC Decreases Position in Chubb Limited (NYSE:CB)

United Capital Financial Advisors LLC trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,840 shares of the financial services provider’s stock after selling 1,264 shares during the period. United Capital Financial Advisors LLC’s holdings in Chubb were worth $4,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in Chubb during the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb in the fourth quarter worth approximately $29,000. Human Investing LLC purchased a new position in shares of Chubb in the fourth quarter worth $36,000. Mainstream Capital Management LLC bought a new stake in Chubb during the 4th quarter valued at $37,000. Finally, Whipplewood Advisors LLC purchased a new stake in Chubb during the 4th quarter valued at $40,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Up 0.2 %

CB stock opened at $285.51 on Thursday. The business has a 50 day moving average of $283.89 and a 200 day moving average of $281.27. The firm has a market cap of $114.40 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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%. On average, research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. Chubb’s dividend payout ratio is presently 16.02%.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares of the company’s stock, valued at approximately $23,120,374.04. This trade represents a 13.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 over the last 90 days. 0.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on CB. Wells Fargo & Company decreased their price objective on shares of Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Piper Sandler lifted their price objective on Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Barclays decreased their target price on Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $307.21.

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.