Chubb Limited (NYSE:CB) Shares Sold by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd reduced its position in shares of Chubb Limited (NYSE:CB) by 55.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the financial services provider’s stock after selling 3,700 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Chubb were worth $829,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nwam LLC acquired a new stake in Chubb during the 3rd quarter valued at approximately $273,000. Kingsview Wealth Management LLC boosted its stake in shares of Chubb by 12.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,043 shares of the financial services provider’s stock valued at $1,743,000 after buying an additional 686 shares during the last quarter. Swedbank AB grew its position in shares of Chubb by 3.3% during the third quarter. Swedbank AB now owns 259,288 shares of the financial services provider’s stock worth $74,776,000 after buying an additional 8,328 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Chubb by 146.7% during the third quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider’s stock worth $163,000 after buying an additional 336 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its stake in shares of Chubb by 35.3% in the third quarter. Summit Trail Advisors LLC now owns 6,326 shares of the financial services provider’s stock worth $1,830,000 after buying an additional 1,649 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 over the last 90 days. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CB. Wells Fargo & Company decreased their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $301.00.

Chubb Price Performance

NYSE CB opened at $291.52 on Tuesday. The company has a 50-day moving average price of $277.16 and a two-hundred day moving average price of $281.22. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The stock has a market cap of $116.73 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

Chubb Company 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.