GeoWealth Management LLC Lowers Holdings in Chubb Limited $CB

GeoWealth Management LLC trimmed its position in shares of Chubb Limited (NYSE:CB) by 32.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 10,089 shares of the financial services provider’s stock after selling 4,874 shares during the period. GeoWealth Management LLC’s holdings in Chubb were worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Chubb in the 4th quarter valued at about $205,000. Commonwealth Equity Services LLC lifted its holdings in shares of Chubb by 6.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 85,909 shares of the financial services provider’s stock worth $25,944,000 after acquiring an additional 5,080 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Chubb in the 1st quarter valued at $1,112,000. Finally, Exencial Wealth Advisors LLC increased its stake in Chubb by 4.7% during the 1st quarter. Exencial Wealth Advisors LLC now owns 9,304 shares of the financial services provider’s stock worth $2,810,000 after buying an additional 414 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays increased their price objective on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. UBS Group increased their price target on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $309.00 price objective on shares of Chubb in a research note on Monday, October 27th. Finally, Jefferies Financial Group upped their target price on Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $308.32.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the sale, the executive vice president directly owned 12,660 shares of the company’s stock, valued at $3,749,512.20. This represents a 45.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 in the last three months. Insiders own 0.77% of the company’s stock.

Chubb Price Performance

CB stock opened at $294.45 on Friday. The company has a market capitalization of $115.88 billion, a PE ratio of 12.29, a P/E/G ratio of 3.37 and a beta of 0.51. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The stock’s 50 day moving average is $285.99 and its two-hundred day moving average is $281.77. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the prior year, the business earned $5.72 earnings per share. Chubb’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a $0.97 dividend. The ex-dividend date is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s payout ratio is 16.19%.

Chubb 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.