Voya Investment Management LLC Lowers Stock Holdings in Chubb Limited (NYSE:CB)

Voya Investment Management LLC decreased its position in Chubb Limited (NYSE:CB - Free Report) by 7.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 75,515 shares of the financial services provider's stock after selling 5,700 shares during the period. Voya Investment Management LLC's holdings in Chubb were worth $20,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Financial Bank Trust Division increased its stake in shares of Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider's stock valued at $283,000 after buying an additional 37 shares during the period. Rede Wealth LLC boosted its holdings in Chubb by 2.0% in the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after acquiring an additional 37 shares in the last quarter. Sfmg LLC raised its holdings in Chubb by 2.4% in the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after purchasing an additional 40 shares in the last quarter. United Asset Strategies Inc. lifted its position in shares of Chubb by 1.3% in the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock worth $851,000 after purchasing an additional 40 shares during the period. Finally, Avitas Wealth Management LLC boosted its stake in shares of Chubb by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock valued at $2,421,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

CB has been the topic of several research reports. UBS Group lifted their price objective on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research report on Monday. Keefe, Bruyette & Woods lowered their target price on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their price target on shares of Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $307.86.

Chubb Stock Performance

CB traded up $0.92 during midday trading on Wednesday, hitting $285.87. 1,983,116 shares of the company traded hands, compared to its average volume of 1,629,400. The company's 50-day moving average is $287.05 and its 200 day moving average is $281.08. 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 firm has a market capitalization of $114.54 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb Limited has a 52 week low of $244.84 and a 52 week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $11.22 billion. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's payout ratio is currently 17.52%.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by company insiders.

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.