IHT Wealth Management LLC Trims Stock Position in Chubb Limited (NYSE:CB)

IHT Wealth Management LLC cut its stake in Chubb Limited (NYSE:CB - Free Report) by 20.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,023 shares of the financial services provider's stock after selling 1,051 shares during the period. IHT Wealth Management LLC's holdings in Chubb were worth $1,112,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CB. Wealth Enhancement Advisory Services LLC lifted its stake in Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock worth $102,840,000 after purchasing an additional 130,629 shares during the last quarter. Czech National Bank boosted its holdings in Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock valued at $22,458,000 after acquiring an additional 4,757 shares during the period. Barclays PLC grew its position in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares during the last quarter. California Public Employees Retirement System increased its stake in Chubb by 1.1% in the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock worth $373,110,000 after purchasing an additional 14,610 shares during the period. Finally, Versant Capital Management Inc lifted its position in Chubb by 133.9% in the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock valued at $153,000 after purchasing an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Up 0.8 %

Shares of NYSE CB traded up $2.34 during mid-day trading on Tuesday, reaching $284.52. 373,283 shares of the company were exchanged, compared to its average volume of 1,624,899. The firm has a 50-day moving average of $286.71 and a 200 day moving average of $281.06. Chubb Limited has a 1 year low of $244.84 and a 1 year high of $306.91. 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 stock has a market cap of $114.00 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last released its 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 net margin of 16.63% and a return on equity of 13.75%. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb's dividend payout ratio (DPR) is presently 17.52%.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last quarter. 0.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CB shares. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Jefferies Financial Group boosted their price objective on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. HSBC upgraded shares of 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. UBS Group boosted their price target on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $307.86.

About Chubb

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.