GTS Securities LLC Reduces Stock Position in Chubb Limited (NYSE:CB)

GTS Securities LLC decreased its holdings in Chubb Limited (NYSE:CB - Free Report) by 79.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,397 shares of the financial services provider's stock after selling 13,283 shares during the quarter. GTS Securities LLC's holdings in Chubb were worth $939,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CB. Vise Technologies Inc. lifted its holdings in Chubb by 81.7% during the fourth quarter. Vise Technologies Inc. now owns 4,916 shares of the financial services provider's stock valued at $1,358,000 after purchasing an additional 2,210 shares in the last quarter. Connecticut Wealth Management LLC raised its position in shares of Chubb by 2.9% during the 4th quarter. Connecticut Wealth Management LLC now owns 3,645 shares of the financial services provider's stock worth $1,007,000 after purchasing an additional 103 shares during the last quarter. Headinvest LLC lifted its stake in Chubb by 2.5% in the 4th quarter. Headinvest LLC now owns 3,026 shares of the financial services provider's stock valued at $836,000 after buying an additional 75 shares in the last quarter. JT Stratford LLC boosted its holdings in Chubb by 5.2% in the 4th quarter. JT Stratford LLC now owns 7,984 shares of the financial services provider's stock worth $2,206,000 after buying an additional 397 shares during the last quarter. Finally, Cornerstone Advisory LLC increased its stake in Chubb by 14.5% during the 4th quarter. Cornerstone Advisory LLC now owns 1,474 shares of the financial services provider's stock worth $390,000 after buying an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CB shares. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target for the company. in a research report on Tuesday, May 20th. JMP Securities restated a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Wells Fargo & Company upped their price target on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Finally, Barclays decreased their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $307.53.

Chubb Trading Down 0.2%

NYSE:CB traded down $0.70 during trading hours on Wednesday, reaching $289.03. 1,497,422 shares of the stock were exchanged, compared to its average volume of 1,611,644. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $287.92 and a two-hundred day moving average of $281.18. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The company has a market capitalization of $115.82 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be paid a $0.97 dividend. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, June 13th. Chubb's dividend payout ratio (DPR) is presently 18.67%.

Chubb declared that its board has approved a stock repurchase plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,553 shares of company stock worth $43,257,220. Corporate insiders own 0.86% of the company's stock.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.