Chubb Limited $CB Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC decreased its stake in shares of Chubb Limited (NYSE:CB) by 21.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,000 shares of the financial services provider’s stock after selling 2,200 shares during the quarter. Legato Capital Management LLC’s holdings in Chubb were worth $2,497,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CB. LSV Asset Management grew its holdings in shares of Chubb by 1.1% in the fourth quarter. LSV Asset Management now owns 61,900 shares of the financial services provider’s stock valued at $19,320,000 after purchasing an additional 700 shares during the period. Evoke Wealth LLC increased its position in Chubb by 38.0% during the fourth quarter. Evoke Wealth LLC now owns 5,136 shares of the financial services provider’s stock worth $1,608,000 after purchasing an additional 1,414 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in Chubb by 329.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 9,524 shares of the financial services provider’s stock worth $2,973,000 after purchasing an additional 7,305 shares during the period. Orca Wealth Management LLC boosted its holdings in Chubb by 0.6% in the 4th quarter. Orca Wealth Management LLC now owns 11,681 shares of the financial services provider’s stock valued at $3,665,000 after purchasing an additional 64 shares during the last quarter. Finally, Van Hulzen Asset Management LLC boosted its holdings in Chubb by 1.1% in the 4th quarter. Van Hulzen Asset Management LLC now owns 36,355 shares of the financial services provider’s stock valued at $11,347,000 after purchasing an additional 404 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. increased their price objective on Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Raymond James Financial lifted their target price on Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a research report on Monday, February 9th. BMO Capital Markets upped their price target on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, Bank of America lowered their price target on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $349.33.

Chubb Stock Down 0.7%

NYSE:CB opened at $328.03 on Friday. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The stock’s fifty day moving average is $326.50 and its two-hundred day moving average is $315.81. The stock has a market capitalization of $127.23 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion during the quarter. Research analysts anticipate that Chubb Limited will post 26.78 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were paid a dividend of $0.97 per share. The ex-dividend date was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is 13.70%.

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.