Thurston Springer Miller Herd & Titak Inc. Sells 13,513 Shares of Chubb Limited $CB

Thurston Springer Miller Herd & Titak Inc. lessened its stake in shares of Chubb Limited (NYSE:CB) by 93.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 926 shares of the financial services provider’s stock after selling 13,513 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Chubb were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CB. Brighton Jones LLC boosted its holdings in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Chubb during the 4th quarter worth about $205,000. American Century Companies Inc. boosted its stake in Chubb by 3.3% during the 1st quarter. American Century Companies Inc. now owns 94,407 shares of the financial services provider’s stock valued at $28,510,000 after purchasing an additional 3,014 shares during the period. Paradigm Capital Management LLC NV grew its holdings in Chubb by 5.8% in the 1st quarter. Paradigm Capital Management LLC NV now owns 1,470 shares of the financial services provider’s stock valued at $444,000 after buying an additional 80 shares during the last quarter. Finally, Legacy Financial Advisors Inc. increased its position in Chubb by 4.2% in the 1st quarter. Legacy Financial Advisors Inc. now owns 2,728 shares of the financial services provider’s stock worth $824,000 after buying an additional 110 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. Jefferies Financial Group upped their target price on shares of Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. UBS Group boosted their price objective on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $310.70.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 16,375 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares in the company, valued at approximately $22,004,001.25. This represents a 18.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.86% of the stock is currently owned by corporate insiders.

Chubb Trading Down 0.5%

Shares of Chubb stock opened at $311.19 on Wednesday. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $313.46. The firm has a market capitalization of $122.47 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 3.57 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The company’s fifty day moving average price is $289.23 and its two-hundred day moving average price is $282.36.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $5.72 EPS. On average, analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s payout ratio is presently 16.19%.

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.