Vontobel Holding Ltd. Cuts Stock Holdings in Chubb Limited (NYSE:CB)

Vontobel Holding Ltd. decreased its stake in shares of Chubb Limited (NYSE:CB) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,195 shares of the financial services provider’s stock after selling 1,174 shares during the period. Vontobel Holding Ltd.’s holdings in Chubb were worth $4,338,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. ICA Group Wealth Management LLC purchased a new position in shares of Chubb during the fourth quarter valued at approximately $25,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Chubb during the third quarter valued at approximately $28,000. IMA Wealth Inc. boosted its position in shares of Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after buying an additional 102 shares during the last quarter. ZRC Wealth Management LLC purchased a new position in shares of Chubb during the fourth quarter valued at approximately $29,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Chubb in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 over the last three months. 0.86% of the stock is owned by corporate insiders.

Chubb Trading Down 0.7 %

Shares of Chubb stock opened at $243.46 on Thursday. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58. The company has a market cap of $98.84 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.16 and a beta of 0.62. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $252.43 and its 200-day moving average price is $233.80.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. On average, equities analysts expect that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio is currently 15.76%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citigroup reissued a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Piper Sandler reissued an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a research report on Monday, April 1st. Raymond James boosted their price objective on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. Evercore ISI boosted their price objective on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada boosted their price objective on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $266.37.

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.