Barclays PLC Lowers Stock Holdings in Chubb Limited $CB

Barclays PLC reduced its position in shares of Chubb Limited (NYSE:CB) by 10.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,118,605 shares of the financial services provider’s stock after selling 127,268 shares during the period. Barclays PLC’s holdings in Chubb were worth $349,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CB. Brighton Jones LLC boosted its position in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Chubb during the fourth quarter worth $205,000. Woodline Partners LP boosted its holdings in Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after purchasing an additional 1,449 shares during the period. Sivia Capital Partners LLC boosted its holdings in Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 175 shares during the period. Finally, Sei Investments Co. boosted its holdings in Chubb by 9.3% in the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after purchasing an additional 17,155 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Down 0.0%

Shares of NYSE CB opened at $328.06 on Monday. The company has a market capitalization of $127.24 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.68 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average of $324.93 and a two-hundred day moving average of $319.10. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, analysts forecast that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a dividend of $1.02 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Insider Transactions at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CB. Deutsche Bank Aktiengesellschaft lifted their target price on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Barclays decreased their target price on Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a report on Friday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $315.00 target price on shares of Chubb in a report on Wednesday, April 22nd. Citizens Jmp lifted their target price on Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a report on Wednesday, April 22nd. Finally, Evercore lifted their target price on Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chubb presently has an average rating of “Moderate Buy” and an average target price of $349.10.

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.