Chubb Limited (NYSE:CB) Shares Sold by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. reduced its stake in Chubb Limited (NYSE:CB) by 2.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,715 shares of the financial services provider’s stock after selling 82 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Chubb were worth $664,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Mather Group LLC. boosted its position in Chubb by 5.5% in the 3rd quarter. Mather Group LLC. now owns 4,130 shares of the financial services provider’s stock valued at $860,000 after buying an additional 217 shares during the period. Tower Research Capital LLC TRC grew its stake in Chubb by 20.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 14,901 shares of the financial services provider’s stock worth $3,102,000 after purchasing an additional 2,534 shares in the last quarter. Bank of Nova Scotia increased its holdings in Chubb by 25.5% during the 3rd quarter. Bank of Nova Scotia now owns 260,810 shares of the financial services provider’s stock worth $54,296,000 after purchasing an additional 52,937 shares during the period. Toronto Dominion Bank acquired a new stake in Chubb in the 3rd quarter valued at about $60,593,000. Finally, Ancora Advisors LLC boosted its stake in shares of Chubb by 51.2% in the 3rd quarter. Ancora Advisors LLC now owns 771 shares of the financial services provider’s stock valued at $161,000 after buying an additional 261 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the sale, the director now owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the sale, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the transaction, the director now owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 over the last 90 days. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. HSBC reiterated a “hold” rating and issued a $270.00 price target (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Bank of America upgraded shares of Chubb from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $244.00 to $266.00 in a research note on Thursday, May 23rd. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $285.00 price target on shares of Chubb in a report on Friday. Finally, Citigroup reiterated a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $266.70.

Chubb Stock Down 2.7 %

CB opened at $255.07 on Friday. The company has a market cap of $103.57 billion, a PE ratio of 11.32, a P/E/G ratio of 6.29 and a beta of 0.66. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $259.30 and a two-hundred day moving average price of $248.48. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $275.41.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $4.41 EPS. As a group, research analysts anticipate that Chubb Limited will post 21.15 EPS for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be issued a dividend of $0.91 per share. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, June 14th. Chubb’s dividend payout ratio is currently 16.16%.

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.