Yousif Capital Management LLC Cuts Holdings in Chubb Limited (NYSE:CB)

Yousif Capital Management LLC cut its holdings in Chubb Limited (NYSE:CB) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,747 shares of the financial services provider’s stock after selling 5,470 shares during the quarter. Yousif Capital Management LLC’s holdings in Chubb were worth $22,317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in shares of Chubb by 34.7% in the third quarter. IFP Advisors Inc now owns 1,086 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 280 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in Chubb by 15.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,592 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 217 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Chubb by 3.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 304,363 shares of the financial services provider’s stock worth $63,669,000 after purchasing an additional 8,896 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Chubb by 14.9% in the third quarter. Avior Wealth Management LLC now owns 5,082 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 659 shares during the last quarter. Finally, Firethorn Wealth Partners LLC acquired a new stake in Chubb during the third quarter worth approximately $230,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock traded down $1.62 during trading hours on Tuesday, reaching $249.88. The stock had a trading volume of 1,866,531 shares, compared to its average volume of 1,729,406. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The firm has a market capitalization of $101.45 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.17 and a beta of 0.62. The firm has a 50-day simple moving average of $252.64 and a 200-day simple moving average of $235.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. As a group, equities analysts forecast that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.38%. Chubb’s payout ratio is 15.76%.

Analyst Ratings Changes

CB has been the topic of several research reports. TD Cowen initiated coverage on Chubb in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective on the stock. JMP Securities reissued a “market outperform” rating and set a $280.00 price target on shares of Chubb in a research report on Monday, April 15th. UBS Group increased their price objective on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company upped their target price on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,043 shares of company stock valued at $29,766,694. Company insiders own 0.86% of the company’s stock.

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.