Portland Global Advisors LLC Decreases Stake in Chubb Limited (NYSE:CB)

Portland Global Advisors LLC lessened its stake in shares of Chubb Limited (NYSE:CB) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,137 shares of the financial services provider’s stock after selling 74 shares during the quarter. Portland Global Advisors LLC’s holdings in Chubb were worth $2,801,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Schroder Investment Management Group grew its holdings in Chubb by 0.5% in the 4th quarter. Schroder Investment Management Group now owns 1,218,918 shares of the financial services provider’s stock worth $335,702,000 after acquiring an additional 6,253 shares during the last quarter. BlueChip Wealth Advisors LLC grew its stake in shares of Chubb by 14.8% in the fourth quarter. BlueChip Wealth Advisors LLC now owns 921 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 119 shares during the last quarter. Allianz SE purchased a new position in Chubb during the 4th quarter valued at about $9,509,000. Transamerica Financial Advisors Inc. raised its position in Chubb by 19.9% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 1,126 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 187 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. lifted its holdings in Chubb by 1,007,698.0% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider’s stock worth $278,454,000 after buying an additional 1,007,698 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CB shares. Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $301.00.

Chubb Price Performance

Shares of CB opened at $296.36 on Friday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a market capitalization of $118.67 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The firm has a 50 day moving average of $279.26 and a 200 day moving average of $281.43. 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 (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last three months. Corporate insiders own 0.86% of the company’s stock.

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.