Chubb Limited $CB Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in shares of Chubb Limited (NYSE:CB) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,193 shares of the financial services provider’s stock after selling 2,547 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Chubb were worth $11,344,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Westbourne Investment Advisors Inc. boosted its stake in Chubb by 12.3% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock worth $6,275,000 after buying an additional 2,427 shares during the last quarter. Assetmark Inc. boosted its position in shares of Chubb by 14.1% in the second quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after acquiring an additional 8,828 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Chubb by 166.3% in the third quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock valued at $1,046,000 after purchasing an additional 2,315 shares during the period. Trifecta Capital Advisors LLC increased its position in Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 130 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Chubb by 28.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock worth $16,750,000 after purchasing an additional 12,784 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CB shares. Jefferies Financial Group boosted their price objective on shares of Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Keefe, Bruyette & Woods boosted their price target on Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. BMO Capital Markets restated a “market perform” rating and issued a $283.00 price objective on shares of Chubb in a report on Thursday, October 23rd. Morgan Stanley set a $350.00 target price on Chubb in a report on Friday, January 16th. Finally, Evercore ISI restated an “outperform” rating and issued a $346.00 price target on shares of Chubb in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and a consensus target price of $323.81.

Chubb Stock Performance

Chubb stock opened at $303.38 on Tuesday. The firm has a market capitalization of $119.40 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 3.26 and a beta of 0.51. Chubb Limited has a one year low of $263.14 and a one year high of $316.94. The stock’s 50 day moving average price is $304.08 and its 200 day moving average price is $286.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 850 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $295.19, for a total value of $250,911.50. Following the transaction, the executive vice president owned 1,585 shares in the company, valued at $467,876.15. The trade was a 34.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the transaction, the insider directly owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,635 shares of company stock valued at $9,970,735 in the last quarter. Company insiders own 0.77% of the company’s stock.

Chubb Company Profile

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.