Commonwealth Equity Services LLC Sells 569 Shares of Chubb Limited (NYSE:CB)

Commonwealth Equity Services LLC trimmed its holdings in Chubb Limited (NYSE:CB) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,829 shares of the financial services provider’s stock after selling 569 shares during the period. Commonwealth Equity Services LLC’s holdings in Chubb were worth $22,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CB. Empowered Funds LLC raised its position in Chubb by 25.5% in the 3rd quarter. Empowered Funds LLC now owns 12,033 shares of the financial services provider’s stock valued at $3,470,000 after buying an additional 2,446 shares during the last quarter. Accredited Investors Inc. bought a new stake in shares of Chubb in the 3rd quarter worth $237,000. Schear Investment Advisers LLC lifted its position in shares of Chubb by 16.8% during the third quarter. Schear Investment Advisers LLC now owns 6,816 shares of the financial services provider’s stock valued at $1,966,000 after purchasing an additional 978 shares in the last quarter. Concord Asset Management LLC VA boosted its holdings in Chubb by 45.1% during the third quarter. Concord Asset Management LLC VA now owns 6,906 shares of the financial services provider’s stock worth $1,992,000 after purchasing an additional 2,147 shares during the last quarter. Finally, Claro Advisors LLC grew its position in Chubb by 9.8% in the 3rd quarter. Claro Advisors LLC now owns 7,945 shares of the financial services provider’s stock worth $2,291,000 after purchasing an additional 709 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CB shares. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods raised their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $301.00.

Chubb Stock Up 2.0 %

Chubb stock opened at $294.46 on Monday. The firm has a market capitalization of $117.91 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 3.36 and a beta of 0.66. The firm has a 50 day simple moving average of $273.60 and a 200 day simple moving average of $280.86. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. 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%. On average, analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is presently 16.02%.

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.