Gradient Investments LLC Reduces Stock Holdings in Chubb Limited (NYSE:CB)

Gradient Investments LLC lessened its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 8.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,813 shares of the financial services provider's stock after selling 6,267 shares during the quarter. Gradient Investments LLC's holdings in Chubb were worth $17,054,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CB. Americana Partners LLC acquired a new position in Chubb during the third quarter worth approximately $292,000. Lazard Asset Management LLC raised its position in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider's stock valued at $113,781,000 after purchasing an additional 495,860 shares during the last quarter. Alphinity Investment Management Pty Ltd boosted its stake in Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider's stock worth $120,235,000 after purchasing an additional 324,019 shares during the period. Graypoint LLC grew its position in Chubb by 1,275.7% during the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider's stock worth $7,141,000 after purchasing an additional 29,302 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new position in Chubb in the fourth quarter valued at $1,403,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Activity

In other Chubb news, insider John J. Lupica sold 34,464 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares of the company's stock, valued at approximately $33,902,208.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares of the company's stock, valued at $12,879,483.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John J. Lupica sold 34,464 shares of the business's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company's stock, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders sold a total of 108,863 shares of company stock valued at $28,007,307 over the last 90 days. Insiders own 0.86% of the company's stock.

Chubb Price Performance

Shares of CB traded down $1.71 during mid-day trading on Friday, reaching $248.54. 1,444,710 shares of the company's stock were exchanged, compared to its average volume of 1,737,362. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $251.96 and a two-hundred day simple moving average of $236.86. The company has a market cap of $100.92 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.18 and a beta of 0.63.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts' consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.41 earnings per share. On average, sell-side analysts predict that Chubb Limited will post 21.18 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. Chubb's dividend payout ratio (DPR) is presently 15.27%.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research reports. HSBC reissued a "hold" rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. TD Cowen initiated coverage on shares of Chubb in a research report on Wednesday, January 10th. They issued a "market perform" rating and a $254.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of Chubb from $220.00 to $240.00 and gave the stock a "market perform" rating in a research report on Monday, February 5th. Raymond James boosted their price target on shares of Chubb from $270.00 to $285.00 and gave the stock a "strong-buy" rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Chubb from $253.00 to $266.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chubb presently has an average rating of "Moderate Buy" and an average target price of $266.89.

Chubb 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.

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