Chubb Limited (NYSE:CB) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC decreased its stake in shares of Chubb Limited (NYSE:CB) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,160 shares of the financial services provider’s stock after selling 59 shares during the period. Integrated Advisors Network LLC’s holdings in Chubb were worth $262,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CB. V Square Quantitative Management LLC bought a new position in Chubb during the third quarter valued at approximately $213,000. Clearbridge Investments LLC raised its holdings in shares of Chubb by 9.0% during the 3rd quarter. Clearbridge Investments LLC now owns 209,432 shares of the financial services provider’s stock valued at $43,600,000 after purchasing an additional 17,373 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Chubb by 6.0% in the 3rd quarter. LPL Financial LLC now owns 299,535 shares of the financial services provider’s stock valued at $62,357,000 after purchasing an additional 16,915 shares during the last quarter. Mariner LLC boosted its holdings in Chubb by 1.7% in the third quarter. Mariner LLC now owns 96,127 shares of the financial services provider’s stock worth $20,012,000 after purchasing an additional 1,572 shares in the last quarter. Finally, Stifel Financial Corp increased its position in Chubb by 0.4% during the third quarter. Stifel Financial Corp now owns 829,450 shares of the financial services provider’s stock worth $172,686,000 after buying an additional 3,443 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. HSBC reiterated a “hold” rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Roth Mkm reissued a “buy” rating and issued a $280.00 price target on shares of Chubb in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods decreased their price objective on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Citigroup reiterated a “neutral” rating and issued a $275.00 price objective (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Finally, Piper Sandler reissued an “overweight” rating and set a $282.00 price objective on shares of Chubb in a research report on Monday, April 1st. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $266.70.

Chubb Trading Up 0.9 %

Shares of CB opened at $263.03 on Thursday. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $275.41. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $256.92 and a 200-day simple moving average of $246.81. The stock has a market cap of $106.81 billion, a PE ratio of 11.67, a PEG ratio of 6.25 and a beta of 0.66.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same period in the prior year, the firm posted $4.41 EPS. Chubb’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts predict that Chubb Limited will post 21.19 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a $0.91 dividend. The ex-dividend date is Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.38%. Chubb’s dividend payout ratio is presently 16.16%.

Insider Buying and Selling

In related news, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the sale, the director now directly owns 39,295 shares in the company, valued at approximately $10,597,861.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the sale, the director now directly owns 39,295 shares in the company, valued at approximately $10,597,861.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now owns 7,718 shares in the company, valued at $2,036,085.58. The disclosure for this sale can be found here. Insiders have sold a total of 39,352 shares of company stock worth $9,968,293 in the last three months. Insiders own 0.86% of the company’s stock.

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.