Core Alternative Capital Decreases Stock Holdings in Chubb Limited $CB

Core Alternative Capital lessened its holdings in Chubb Limited (NYSE:CB) by 12.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,627 shares of the financial services provider’s stock after selling 2,664 shares during the quarter. Chubb makes up approximately 1.5% of Core Alternative Capital’s holdings, making the stock its 22nd largest position. Core Alternative Capital’s holdings in Chubb were worth $5,257,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. raised its position in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC boosted its holdings in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 56 shares in the last quarter. VSM Wealth Advisory LLC purchased a new position in Chubb in the second quarter valued at approximately $32,000. Heartwood Wealth Advisors LLC acquired a new stake in Chubb during the third quarter worth approximately $34,000. Finally, Financial Consulate Inc. purchased a new stake in shares of Chubb during the 3rd quarter worth approximately $37,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $296.17, for a total value of $3,133,478.60. Following the completion of the sale, the executive vice president owned 12,660 shares in the company, valued at approximately $3,749,512.20. This trade represents a 45.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John J. Lupica sold 16,375 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the transaction, the insider owned 74,225 shares in the company, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 33,635 shares of company stock worth $9,970,735. 0.86% of the stock is owned by insiders.

Chubb Stock Down 0.6%

Chubb stock opened at $301.59 on Wednesday. The stock has a 50 day moving average of $304.18 and a two-hundred day moving average of $286.97. Chubb Limited has a twelve month low of $263.14 and a twelve month high of $316.94. The stock has a market capitalization of $118.69 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.95 and a beta of 0.51. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s payout ratio is currently 16.19%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CB shares. UBS Group increased their target price on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft raised their price objective on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, November 24th. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chubb has an average rating of “Moderate Buy” and an average price target of $323.81.

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.