Constant Guidance Financial LLC Sells 3,309 Shares of Chubb Limited $CB

Constant Guidance Financial LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 32.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,009 shares of the financial services provider’s stock after selling 3,309 shares during the period. Chubb accounts for 1.6% of Constant Guidance Financial LLC’s investment portfolio, making the stock its 11th biggest holding. Constant Guidance Financial LLC’s holdings in Chubb were worth $2,284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of CB. Brighton Jones LLC grew 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 purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Chubb in the fourth quarter worth $205,000. Woodline Partners LP raised its stake in shares of Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 1,449 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after buying an additional 175 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Chubb by 9.3% in the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after buying an additional 17,155 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.37% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $363.94 on Wednesday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. The stock’s 50-day simple moving average is $336.80 and its 200 day simple moving average is $327.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.36. The stock has a market capitalization of $141.16 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.79 and a beta of 0.40.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the previous year, the firm earned $6.14 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts forecast that Chubb Limited will post 27.26 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a dividend of $1.02 per share. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb’s payout ratio is currently 14.43%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CB. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $354.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Citizens Jmp restated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating and set a $374.00 price objective on shares of Chubb in a report on Friday, July 10th. Weiss Ratings upgraded shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Finally, Jefferies Financial Group lowered their price target on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chubb has an average rating of “Hold” and a consensus target price of $360.09.

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.