FourThought Financial Partners LLC Cuts Stake in Chubb Limited (NYSE:CB)

FourThought Financial Partners LLC cut its stake in Chubb Limited (NYSE:CB) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,379 shares of the financial services provider’s stock after selling 390 shares during the quarter. Chubb makes up approximately 1.1% of FourThought Financial Partners LLC’s portfolio, making the stock its 27th largest holding. FourThought Financial Partners LLC’s holdings in Chubb were worth $9,126,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CB. ZRC Wealth Management LLC acquired a new stake in Chubb during the 4th quarter worth $29,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Chubb in the fourth quarter worth about $32,000. Naples Money Management LLC acquired a new position in Chubb during the fourth quarter worth about $34,000. Bell Investment Advisors Inc grew its stake in Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 59 shares in the last quarter. Finally, Addison Advisors LLC raised its holdings in Chubb by 87.0% in the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 100 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other 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 value of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, insider John J. Lupica sold 34,464 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,863 shares of company stock worth $28,007,307. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of several recent research reports. TD Cowen initiated coverage on Chubb in a report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price on the stock. Evercore ISI upped their target price on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Citigroup reiterated a “neutral” rating and set a $275.00 price target (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Morgan Stanley upped their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, HSBC reaffirmed a “hold” rating and set a $270.00 target price (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.89.

Chubb Trading Down 0.7 %

NYSE CB traded down $1.71 during trading on Friday, hitting $248.54. The stock had a trading volume of 1,444,710 shares, compared to its average volume of 1,737,362. The company has a market capitalization of $100.92 billion, a PE ratio of 11.03, a PEG ratio of 1.18 and a beta of 0.63. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average price of $251.96 and a 200 day moving average price of $236.86.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.41 EPS. As a group, equities research analysts forecast that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is currently 15.27%.

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.