Chubb Limited $CB Stock Holdings Trimmed by Groupama Asset Managment

Groupama Asset Managment lessened its holdings in shares of Chubb Limited (NYSE:CB) by 3.2% in the third quarter, HoldingsChannel reports. The fund owned 51,216 shares of the financial services provider’s stock after selling 1,677 shares during the period. Groupama Asset Managment’s holdings in Chubb were worth $14,456,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Investment Research Partners LLC bought a new position in shares of Chubb in the third quarter worth $403,000. XXEC Inc. raised its stake in shares of Chubb by 43.9% during the third quarter. XXEC Inc. now owns 9,748 shares of the financial services provider’s stock valued at $2,751,000 after purchasing an additional 2,976 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Chubb in the third quarter worth about $31,000. CIBC Private Wealth Group LLC lifted its holdings in Chubb by 4.1% in the third quarter. CIBC Private Wealth Group LLC now owns 209,489 shares of the financial services provider’s stock worth $59,128,000 after purchasing an additional 8,267 shares during the period. Finally, Prana Capital Management LP grew its position in Chubb by 171.9% in the 3rd quarter. Prana Capital Management LP now owns 510,010 shares of the financial services provider’s stock valued at $143,950,000 after buying an additional 322,448 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Cantor Fitzgerald raised their target price on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Mizuho upped their price target on shares of Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and set a $366.00 target price on shares of Chubb in a report on Thursday, February 5th. Finally, Morgan Stanley set a $350.00 target price on Chubb in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $340.81.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares in the company, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction 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 approximately $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.77% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

NYSE:CB opened at $328.22 on Thursday. The company has a 50-day moving average of $320.71 and a 200-day moving average of $300.75. The firm has a market cap of $128.06 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 2.07 and a beta of 0.46. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67.

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

Chubb Dividend Announcement

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

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.