Everpar Advisors LLC Cuts Stake in Chubb Limited (NYSE:CB)

Everpar Advisors LLC trimmed its stake in Chubb Limited (NYSE:CB) by 14.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 735 shares of the financial services provider’s stock after selling 129 shares during the quarter. Everpar Advisors LLC’s holdings in Chubb were worth $212,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Chubb by 36.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,941 shares of the financial services provider’s stock worth $1,425,000 after buying an additional 1,330 shares during the last quarter. Handelsbanken Fonder AB raised its position in Chubb by 5.3% in the third quarter. Handelsbanken Fonder AB now owns 129,628 shares of the financial services provider’s stock valued at $37,383,000 after purchasing an additional 6,500 shares during the period. Harbor Investment Advisory LLC lifted its position in Chubb by 34.4% during the 3rd quarter. Harbor Investment Advisory LLC now owns 2,381 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 610 shares in the last quarter. Central Valley Advisors LLC lifted its position in shares of Chubb by 3.9% during the third quarter. Central Valley Advisors LLC now owns 7,620 shares of the financial services provider’s stock worth $2,198,000 after purchasing an additional 283 shares in the last quarter. Finally, Goelzer Investment Management Inc. lifted its holdings in Chubb by 4.5% in the 3rd quarter. Goelzer Investment Management Inc. now owns 1,214 shares of the financial services provider’s stock worth $350,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Roth Mkm increased their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Bank of America downgraded Chubb from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $264.00 to $275.00 in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $280.22.

Insider Buying and Selling

In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares in the company, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $279.96 on Wednesday. The firm has a market cap of $113.68 billion, a P/E ratio of 12.43, a PEG ratio of 5.74 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $294.18. The stock’s 50-day moving average is $281.35 and its two-hundred day moving average is $266.01.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. The firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.92 earnings per share. Analysts predict that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

About Chubb

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.