Chubb Limited $CB Shares Sold by CSM Advisors LLC

CSM Advisors LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 66.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,072 shares of the financial services provider’s stock after selling 26,210 shares during the quarter. CSM Advisors LLC’s holdings in Chubb were worth $3,690,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Berkshire Hathaway Inc grew its stake in shares of Chubb by 15.9% during the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares during the period. Norges Bank acquired a new position in shares of Chubb in the 2nd quarter valued at $1,195,137,000. AQR Capital Management LLC boosted its holdings in Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after buying an additional 1,199,963 shares in the last quarter. Amundi grew its position in Chubb by 55.4% during the third quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock valued at $557,493,000 after buying an additional 693,740 shares during the period. Finally, Bank of America Corp DE grew its position in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after buying an additional 513,852 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James Financial upped their price objective on shares of Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a research report on Monday, February 9th. Citizens Jmp restated a “market outperform” rating and set a $350.00 target price on shares of Chubb in a research report on Wednesday, February 4th. Bank of America reduced their price target on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a report on Friday, January 16th. Barclays increased their price target on Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Finally, HSBC boosted their price objective on Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $340.81.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.86% of the stock is currently owned by insiders.

Chubb Trading Up 0.3%

Shares of Chubb stock opened at $330.06 on Tuesday. The firm has a market capitalization of $128.78 billion, a PE ratio of 12.83, a P/E/G ratio of 2.06 and a beta of 0.46. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The firm’s 50-day moving average price is $319.85 and its 200 day moving average price is $300.16. 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 (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period in the previous year, the business earned $6.02 EPS. Chubb’s quarterly revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s payout ratio is presently 15.08%.

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.