Nilsine Partners LLC Sells 9,341 Shares of Chubb Limited $CB

Nilsine Partners LLC lowered its stake in Chubb Limited (NYSE:CB) by 77.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,714 shares of the financial services provider’s stock after selling 9,341 shares during the period. Nilsine Partners LLC’s holdings in Chubb were worth $766,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CB. Aaron Wealth Advisors LLC increased its holdings in Chubb by 68.3% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 3,516 shares of the financial services provider’s stock valued at $992,000 after buying an additional 1,427 shares during the period. Shorepoint Capital Partners LLC acquired a new stake in shares of Chubb during the 3rd quarter worth approximately $1,274,000. Farmers Trust Co. increased its stake in Chubb by 8.7% in the third quarter. Farmers Trust Co. now owns 25,779 shares of the financial services provider’s stock valued at $7,276,000 after acquiring an additional 2,055 shares during the last quarter. Corient Private Wealth LLC raised its position in Chubb by 0.6% during the second quarter. Corient Private Wealth LLC now owns 584,706 shares of the financial services provider’s stock valued at $169,402,000 after purchasing an additional 3,616 shares in the last quarter. Finally, Caldwell Trust Co bought a new stake in Chubb during the second quarter worth $74,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $312.84 on Thursday. The stock’s 50-day moving average is $289.74 and its 200-day moving average is $282.58. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $313.46. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $123.12 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 3.55 and a beta of 0.51.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS 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 business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same period last year, the company earned $5.72 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CB shares. HSBC lifted their price target on Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. UBS Group lifted their target price on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. Cantor Fitzgerald restated a “neutral” rating on shares of Chubb in a research note on Wednesday, December 10th. Finally, Morgan Stanley set a $310.00 price objective on shares of Chubb in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $311.90.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 850 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the sale, the executive vice president directly owned 1,585 shares in the company, valued at $467,876.15. This represents a 34.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 57,333 shares of company stock worth $16,629,873 over the last three months. Company insiders own 0.77% 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.