Chevy Chase Trust Holdings LLC Decreases Stake in Chubb Limited $CB

Chevy Chase Trust Holdings LLC lessened its position in shares of Chubb Limited (NYSE:CB) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,436 shares of the financial services provider’s stock after selling 7,611 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Chubb were worth $54,315,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Chubb by 0.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after acquiring an additional 35 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Chubb by 7.4% in the third quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 36 shares in the last quarter. Covestor Ltd grew its holdings in shares of Chubb by 26.1% in the third quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 37 shares in the last quarter. CENTRAL TRUST Co increased its position in Chubb by 1.0% in the third quarter. CENTRAL TRUST Co now owns 3,573 shares of the financial services provider’s stock worth $1,008,000 after purchasing an additional 37 shares during the last quarter. Finally, JT Stratford LLC increased its position in Chubb by 3.5% in the second quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.1%

CB stock opened at $329.24 on Monday. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The stock has a market capitalization of $128.45 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.46. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $319.55 and its two-hundred day simple moving average is $299.76.

Chubb (NYSE:CB) last released its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter last year, the business earned $6.02 EPS. The business’s revenue was up 8.9% on a year-over-year basis. As a group, analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares in the company, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Citizens Jmp restated a “market outperform” rating and issued a $350.00 target price on shares of Chubb in a report on Wednesday, February 4th. HSBC upped their target price on shares of Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Bank of America lowered their price target on shares of Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a report on Friday, January 16th. Finally, Keefe, Bruyette & Woods lifted their price target on Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $340.81.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.