Chubb Limited (NYSE:CB) Shares Sold by Vident Advisory LLC

Vident Advisory LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 1.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,342 shares of the financial services provider’s stock after selling 181 shares during the period. Vident Advisory LLC’s holdings in Chubb were worth $3,458,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. ZRC Wealth Management LLC acquired a new stake in Chubb during the 4th quarter worth about $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb during the 4th quarter worth about $29,000. Wellington Shields Capital Management LLC acquired a new stake in Chubb during the 1st quarter worth about $29,000. Tennessee Valley Asset Management Partners acquired a new stake in Chubb during the 4th quarter worth about $32,000. Finally, Northwest Financial Advisors acquired a new stake in Chubb during the 4th quarter worth about $33,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the sale, the chief accounting officer now owns 7,718 shares in the company, valued at approximately $2,036,085.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the sale, the chief accounting officer now owns 7,718 shares in the company, valued at approximately $2,036,085.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. Insiders sold 47,552 shares of company stock worth $12,149,985 in the last 90 days. Insiders own 0.86% of the company’s stock.

Chubb Price Performance

CB traded up $8.80 during trading on Friday, reaching $270.41. The company’s stock had a trading volume of 716,026 shares, compared to its average volume of 1,644,689. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $262.11 and a two-hundred day simple moving average of $253.11. Chubb Limited has a 1 year low of $198.10 and a 1 year high of $275.41. The company has a market cap of $109.80 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 6.08 and a beta of 0.66.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period last year, the company posted $4.92 EPS. The business’s revenue was up 11.8% on a year-over-year basis. As a group, analysts anticipate that Chubb Limited will post 20.97 EPS for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CB. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. JMP Securities increased their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Keefe, Bruyette & Woods lowered their target price on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. HSBC reissued a “hold” rating and set a $270.00 target price (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Finally, 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 research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $270.05.

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.