Pinnacle Wealth Planning Services Inc. Sells 1,167 Shares of Chubb Limited (NYSE:CB)

Pinnacle Wealth Planning Services Inc. cut its stake in Chubb Limited (NYSE:CB - Free Report) by 39.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,777 shares of the financial services provider's stock after selling 1,167 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Chubb were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Chubb during the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb in the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC purchased a new position in shares of Chubb in the fourth quarter worth approximately $30,000. Kayne Anderson Rudnick Investment Management LLC grew its position in Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after buying an additional 89 shares during the period. Finally, Human Investing LLC bought a new stake in Chubb during the fourth quarter valued at approximately $36,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Chubb news, COO John W. Keogh sold 85,083 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the transaction, the chief operating officer now owns 237,728 shares in the company, valued at $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at $5,820,978.04. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,553 shares of company stock worth $43,257,220 over the last 90 days. Corporate insiders own 0.86% of the company's stock.

Chubb Price Performance

CB stock traded up $3.19 during midday trading on Friday, hitting $297.34. The company's stock had a trading volume of 2,483,583 shares, compared to its average volume of 1,616,788. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91. The company has a 50 day moving average of $287.93 and a two-hundred day moving average of $281.32. The firm has a market capitalization of $119.15 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

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

Chubb announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is 18.67%.

Analyst Ratings Changes

CB has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Jefferies Financial Group upped their price objective on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods cut their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Raymond James restated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $307.53.

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.