Chubb Limited (NYSE:CB) Shares Sold by Viawealth LLC

Viawealth LLC lowered its stake in Chubb Limited (NYSE:CB) by 8.6% during the fourth quarter, HoldingsChannel reports. The firm owned 3,748 shares of the financial services provider’s stock after selling 351 shares during the quarter. Viawealth LLC’s holdings in Chubb were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CB. Strategic Financial Services Inc. grew its holdings in Chubb by 7.9% during the fourth quarter. Strategic Financial Services Inc. now owns 2,050 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 150 shares during the period. Sandy Spring Bank grew its holdings in Chubb by 27.6% during the fourth quarter. Sandy Spring Bank now owns 522 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 113 shares during the period. GoodHaven Capital Management LLC grew its holdings in Chubb by 88.0% during the fourth quarter. GoodHaven Capital Management LLC now owns 34,865 shares of the financial services provider’s stock worth $9,633,000 after acquiring an additional 16,315 shares during the period. Royal London Asset Management Ltd. grew its holdings in Chubb by 2.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 219,418 shares of the financial services provider’s stock worth $60,625,000 after acquiring an additional 4,693 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its holdings in Chubb by 27.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,524 shares of the financial services provider’s stock worth $974,000 after acquiring an additional 764 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods upped their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Barclays lowered 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average target price of $301.00.

Chubb Stock Up 0.2 %

Shares of NYSE:CB opened at $296.33 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The stock’s fifty day simple moving average is $275.35 and its 200-day simple moving average is $281.16. The company has a market capitalization of $118.65 billion, a P/E ratio of 13.04, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.23%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling

In other Chubb news, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction dated 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 in the company, valued at $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares of the company’s stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,239 shares of company stock worth $14,956,786. 0.86% of the stock is owned by company insiders.

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.