Chubb Limited $CB Shares Sold by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,752 shares of the financial services provider’s stock after selling 2,780 shares during the quarter. Chubb accounts for approximately 2.4% of Eagle Rock Investment Company LLC’s investment portfolio, making the stock its 10th largest position. Eagle Rock Investment Company LLC’s holdings in Chubb were worth $16,777,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CB. Harbor Capital Advisors Inc. raised its position in Chubb by 93.6% in the third 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 position in shares of Chubb by 155.6% during the 3rd 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. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb during the 3rd quarter valued at about $31,000. Cornerstone Planning Group LLC grew its stake in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Chubb in the 3rd quarter worth approximately $34,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

Chubb stock opened at $319.22 on Friday. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The firm’s 50 day simple moving average is $323.43 and its 200-day simple moving average is $302.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $124.57 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.72 and a beta of 0.46.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the prior year, the firm earned $6.02 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

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

Insider Activity

In other news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,877 shares of company stock worth $14,885,226 over the last quarter. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $366.00 target price on shares of Chubb in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Mizuho increased their price objective on Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. raised their price objective on Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Roth Mkm lifted their target price on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $342.05.

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.