Lowe Brockenbrough & Co. Inc. Sells 310 Shares of Chubb Limited (NYSE:CB)

Lowe Brockenbrough & Co. Inc. trimmed its position in Chubb Limited (NYSE:CB) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 24,600 shares of the financial services provider’s stock after selling 310 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Chubb were worth $6,819,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CB. Whittier Trust Co. of Nevada Inc. boosted its holdings in Chubb by 13.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 11,510 shares of the financial services provider’s stock valued at $3,180,000 after acquiring an additional 1,328 shares during the last quarter. Douglass Winthrop Advisors LLC lifted its position in Chubb by 2.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 8,775 shares of the financial services provider’s stock valued at $2,425,000 after purchasing an additional 200 shares during the period. OLD Point Trust & Financial Services N A boosted its stake in shares of Chubb by 7.6% in the 4th quarter. OLD Point Trust & Financial Services N A now owns 3,907 shares of the financial services provider’s stock valued at $1,080,000 after purchasing an additional 275 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $261,000. Finally, Strategic Financial Services Inc. raised its stake in shares of Chubb by 7.9% during the fourth quarter. Strategic Financial Services Inc. now owns 2,050 shares of the financial services provider’s stock worth $566,000 after buying an additional 150 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on CB shares. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays decreased their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus target price of $301.00.

Insiders Place Their Bets

In other Chubb news, 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 transaction 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. The trade was a 33.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated 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 owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,239 shares of company stock valued at $14,956,786 in the last quarter. 0.86% of the stock is currently owned by insiders.

Chubb Stock Down 0.7 %

Shares of CB stock opened at $294.09 on Friday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. 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 fifty day moving average of $275.90 and a 200-day moving average of $281.25. The company has a market capitalization of $117.76 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Chubb Company 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.