Interval Partners LP Lowers Holdings in Chubb Limited (NYSE:CB)

Interval Partners LP reduced its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,680 shares of the financial services provider's stock after selling 19,282 shares during the period. Interval Partners LP's holdings in Chubb were worth $9,858,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CB. Sierra Ocean LLC purchased a new stake in shares of Chubb during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. purchased a new stake in Chubb during the fourth quarter valued at about $29,000. Kayne Anderson Rudnick Investment Management LLC increased its stake 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 worth $34,000 after acquiring an additional 89 shares during the last quarter. Human Investing LLC purchased a new position in shares of Chubb in the 4th quarter worth about $36,000. Finally, Mainstream Capital Management LLC purchased a new position in shares of Chubb in the 4th quarter worth about $37,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 0.3 %

CB opened at $289.92 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $116.18 billion, a PE ratio of 12.76, a P/E/G ratio of 3.36 and a beta of 0.57. The stock's fifty day moving average is $288.46 and its 200-day moving average is $280.67. Chubb Limited has a one year low of $251.42 and a one year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The firm 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 fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, March 14th. Chubb's payout ratio is 17.52%.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the sale, the executive vice president now owns 78,422 shares in the company, valued at approximately $23,120,374.04. The trade was a 13.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now owns 584,395 shares of the company's stock, 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 90 days, insiders have sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. UBS Group increased their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Wells Fargo & Company increased their price objective on shares of Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. Jefferies Financial Group increased their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Chubb 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.

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