Cullen Frost Bankers Inc. Cuts Position in Chubb Limited (NYSE:CB)

Cullen Frost Bankers Inc. reduced its position in shares of Chubb Limited (NYSE:CB - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,333 shares of the financial services provider's stock after selling 7,624 shares during the period. Cullen Frost Bankers Inc.'s holdings in Chubb were worth $19,963,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. ZRC Wealth Management LLC purchased a new position in Chubb during the 4th quarter valued at about $29,000. EdgeRock Capital LLC purchased a new position in shares of Chubb in the fourth quarter valued at approximately $35,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb in the fourth quarter valued at approximately $32,000. Naples Money Management LLC acquired a new position in shares of Chubb in the fourth quarter valued at approximately $34,000. Finally, Bell Investment Advisors Inc increased its stake in Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider's stock worth $43,000 after buying an additional 59 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CB shares. BMO Capital Markets boosted their price target on shares of Chubb from $220.00 to $240.00 and gave the stock a "market perform" rating in a research note on Monday, February 5th. HSBC reaffirmed a "hold" rating and issued a $270.00 price target (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. The Goldman Sachs Group boosted their price objective on Chubb from $228.00 to $254.00 and gave the stock a "neutral" rating in a research report on Friday, April 12th. StockNews.com downgraded shares of Chubb from a "buy" rating to a "hold" rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company boosted their target price on shares of Chubb from $234.00 to $255.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 1st. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chubb currently has an average rating of "Moderate Buy" and an average price target of $266.74.

Chubb Stock Performance

NYSE CB traded down $0.10 on Tuesday, reaching $251.95. The stock had a trading volume of 1,212,354 shares, compared to its average volume of 1,726,294. The stock has a market cap of $102.31 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58. The business's 50-day moving average price is $251.85 and its 200 day moving average price is $237.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the prior year, the firm earned $4.41 EPS. Chubb's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities analysts expect that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, March 14th. Chubb's dividend payout ratio (DPR) is presently 15.27%.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 34,464 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider John J. Lupica sold 34,464 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 50,486 shares of the company's stock, valued at approximately $12,879,483.46. 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 in the last ninety days. Insiders own 0.86% of the company's stock.

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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