Chubb Limited (NYSE:CB) Stock Holdings Lessened by Interval Partners LP

Interval Partners LP lessened its stake in Chubb Limited (NYSE:CB) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,680 shares of the financial services provider’s stock after selling 19,282 shares during the quarter. Interval Partners LP’s holdings in Chubb were worth $9,858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares in the last quarter. Czech National Bank increased its holdings in Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after buying an additional 4,757 shares during the last quarter. Aprio Wealth Management LLC raised its position in Chubb by 8.7% during the fourth quarter. Aprio Wealth Management LLC now owns 866 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 69 shares in the last quarter. Crescent Sterling Ltd. lifted its stake in Chubb by 16.3% in the fourth quarter. Crescent Sterling Ltd. now owns 998 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 140 shares during the last quarter. Finally, Brookstone Capital Management grew its position in Chubb by 7.2% in the fourth quarter. Brookstone Capital Management now owns 1,352 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $289.92 on Friday. The company’s fifty day moving average is $288.46 and its two-hundred day moving average is $280.67. Chubb Limited has a 52-week low of $251.42 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a market capitalization of $116.18 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 17.52%.

Insider Activity

In related news, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Raymond James restated a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. Barclays cut their target price on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. upped their price target on Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price objective on Chubb from $316.00 to $314.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Finally, UBS Group upped their target price on Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.86.

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.