Chubb Limited $CB Shares Sold by Ethos Financial Group LLC

Ethos Financial Group LLC lowered its holdings in Chubb Limited (NYSE:CB) by 59.4% in the third quarter, HoldingsChannel reports. The firm owned 1,546 shares of the financial services provider’s stock after selling 2,263 shares during the period. Ethos Financial Group LLC’s holdings in Chubb were worth $438,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CB. Harbor Capital Advisors Inc. grew its position in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in Chubb during the 2nd quarter worth $32,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Chubb in the 3rd quarter worth about $34,000. Maseco LLP acquired a new stake in shares of Chubb in the 2nd quarter valued at about $35,000. Finally, Financial Consulate Inc. bought a new position in shares of Chubb during the third quarter worth about $37,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CB shares. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Mizuho began coverage on Chubb in a research report on Monday, December 15th. They set a “neutral” rating and a $318.00 price target on the stock. Morgan Stanley set a $310.00 price objective on shares of Chubb in a report on Tuesday, December 16th. Wolfe Research increased their target price on shares of Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Finally, Wells Fargo & Company lifted their price target on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $318.00.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 57,333 shares of company stock valued at $16,629,873 in the last three months. 0.77% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

Shares of CB opened at $312.92 on Friday. The firm has a fifty day moving average of $300.79 and a 200-day moving average of $285.23. The company has a market cap of $123.15 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 3.21 and a beta of 0.51. 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 Limited has a 1 year low of $252.16 and a 1 year high of $316.94.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating the consensus estimate of $5.51 by $1.98. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $5.72 EPS. As a group, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were given a dividend of $0.97 per share. The ex-dividend date was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is currently 16.19%.

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.