Chubb Limited $CB Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in Chubb Limited (NYSE:CB) by 85.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,796 shares of the financial services provider’s stock after selling 62,229 shares during the period. Assenagon Asset Management S.A.’s holdings in Chubb were worth $3,370,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its holdings 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 valued at $26,000 after acquiring an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC increased its position in shares of Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb during the third quarter worth approximately $31,000. Cornerstone Planning Group LLC raised its stake in Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in Chubb in the 3rd quarter valued at $34,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, 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 value of $4,991,938.20. Following the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 44,877 shares of company stock worth $14,885,226. Company insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.0%

Shares of CB opened at $319.22 on Monday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $323.43 and a two-hundred day simple moving average of $303.19. The company has a market capitalization of $124.57 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.70 and a beta of 0.46.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share 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 firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the previous year, the company posted $6.02 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts forecast 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 issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s payout ratio is presently 15.08%.

Analyst Ratings Changes

Several brokerages have issued reports on CB. Roth Mkm lifted their target price on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $340.00 target price on shares of Chubb in a research report on Monday, February 9th. Citigroup boosted their price target on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Evercore upped their price objective on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group increased their price objective on shares of Chubb from $326.00 to $333.00 and gave the company a “hold” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $342.05.

Chubb 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.