Private Advisor Group LLC decreased its stake in shares of Chubb Limited (NYSE:CB – Get Rating) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,292 shares of the financial services provider’s stock after selling 167 shares during the quarter. Private Advisor Group LLC’s holdings in Chubb were worth $775,582,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC boosted its position in shares of Chubb by 10.1% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 555 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 51 shares in the last quarter. Linscomb & Williams Inc. grew its holdings in shares of Chubb by 3.0% during the 2nd quarter. Linscomb & Williams Inc. now owns 1,814 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 52 shares during the period. Unison Advisors LLC boosted its holdings in Chubb by 0.4% in the 3rd quarter. Unison Advisors LLC now owns 13,016 shares of the financial services provider’s stock worth $2,378,000 after acquiring an additional 52 shares during the period. Penserra Capital Management LLC boosted its holdings in Chubb by 2.6% in the 3rd quarter. Penserra Capital Management LLC now owns 2,034 shares of the financial services provider’s stock worth $369,000 after acquiring an additional 52 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in shares of Chubb by 4.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,303 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 87.12% of the company’s stock.
Insiders Place Their Bets
In other Chubb news, Director Theodore Shasta sold 1,000 shares of the stock in a transaction on Monday, March 20th. The stock was sold at an average price of $189.73, for a total transaction of $189,730.00. Following the sale, the director now owns 14,488 shares in the company, valued at $2,748,808.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Theodore Shasta sold 1,000 shares of the company’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $189.73, for a total value of $189,730.00. Following the transaction, the director now owns 14,488 shares of the company’s stock, valued at $2,748,808.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO John W. Keogh sold 23,871 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $212.18, for a total value of $5,064,948.78. Following the completion of the transaction, the chief operating officer now directly owns 272,062 shares in the company, valued at approximately $57,726,115.16. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.
Analyst Ratings Changes
Chubb Stock Performance
CB stock opened at $189.56 on Wednesday. The firm has a market cap of $78.38 billion, a PE ratio of 15.14, a P/E/G ratio of 1.07 and a beta of 0.66. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average of $208.23 and a 200-day moving average of $207.29. Chubb Limited has a 12-month low of $173.78 and a 12-month high of $231.37.
Chubb (NYSE:CB – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The financial services provider reported $4.05 EPS for the quarter, missing the consensus estimate of $4.22 by ($0.17). Chubb had a net margin of 12.35% and a return on equity of 12.51%. The firm had revenue of $11.43 billion during the quarter, compared to analysts’ expectations of $11.58 billion. During the same quarter in the previous year, the company posted $3.81 EPS. As a group, sell-side analysts expect that Chubb Limited will post 17.4 earnings per share for the current year.
Chubb Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Friday, March 17th will be paid a $0.83 dividend. The ex-dividend date is Thursday, March 16th. This represents a $3.32 annualized dividend and a yield of 1.75%. Chubb’s payout ratio is 26.52%.
Chubb Company Profile
Chubb Ltd. operates as a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.
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