Vinva Investment Management Ltd Sells 817 Shares of Chubb Limited (NYSE:CB)

Vinva Investment Management Ltd cut its holdings in Chubb Limited (NYSE:CB) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,731 shares of the financial services provider’s stock after selling 817 shares during the quarter. Vinva Investment Management Ltd’s holdings in Chubb were worth $3,782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Xponance Inc. raised its stake in Chubb by 4.6% in the 4th quarter. Xponance Inc. now owns 57,202 shares of the financial services provider’s stock valued at $15,805,000 after acquiring an additional 2,538 shares during the period. Intech Investment Management LLC grew its holdings in shares of Chubb by 203.2% during the fourth quarter. Intech Investment Management LLC now owns 49,057 shares of the financial services provider’s stock worth $13,554,000 after purchasing an additional 32,879 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Chubb during the fourth quarter worth about $4,237,000. Evoke Wealth LLC boosted its holdings in Chubb by 4.1% in the fourth quarter. Evoke Wealth LLC now owns 1,810 shares of the financial services provider’s stock valued at $502,000 after acquiring an additional 72 shares during the last quarter. Finally, Horizon Investments LLC boosted its holdings in Chubb by 1.8% in the fourth quarter. Horizon Investments LLC now owns 6,316 shares of the financial services provider’s stock valued at $1,745,000 after acquiring an additional 114 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research reports. HSBC raised 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. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. 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. Finally, Keefe, Bruyette & Woods upped their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus price target of $301.00.

Chubb Stock Performance

NYSE:CB opened at $296.33 on Thursday. The business’s 50-day moving average price is $275.35 and its two-hundred day moving average price is $281.16. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The stock has a market cap of $118.65 billion, a P/E ratio of 13.04, a PEG ratio of 3.36 and a beta of 0.66. 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 announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared 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 of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.23%. Chubb’s payout ratio is 16.02%.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction that occurred on 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 directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred 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 in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,239 shares of company stock worth $14,956,786 in the last ninety days. 0.86% of the stock is owned by insiders.

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.