SVB Wealth LLC Sells 1,105 Shares of Chubb Limited (NYSE:CB)

SVB Wealth LLC trimmed its stake in Chubb Limited (NYSE:CB) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,386 shares of the financial services provider’s stock after selling 1,105 shares during the period. SVB Wealth LLC’s holdings in Chubb were worth $2,573,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CB. ICA Group Wealth Management LLC bought a new position in shares of Chubb during the fourth quarter worth about $25,000. IMA Wealth Inc. boosted its holdings in Chubb by 275.7% in the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 102 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Chubb during the 3rd quarter valued at approximately $28,000. ZRC Wealth Management LLC bought a new position in Chubb during the 4th quarter worth approximately $29,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb in the 4th quarter worth approximately $32,000. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CB. UBS Group lifted their target price on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. JMP Securities restated a “market outperform” rating and set a $280.00 target price on shares of Chubb in a research report on Monday. Royal Bank of Canada increased their price target on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. The Goldman Sachs Group boosted their target price on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $275.00 price target (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Nine 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.37.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction 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 directly owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $243.46 on Thursday. Chubb Limited has a 52 week low of $183.71 and a 52 week 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 0.20. The business has a 50 day moving average price of $252.43 and a 200-day moving average price of $233.80. The company has a market cap of $98.84 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Equities analysts anticipate that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.41%. Chubb’s dividend payout ratio is currently 15.76%.

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.