Integrity Alliance LLC. Sells 4,328 Shares of Chubb Limited $CB

Integrity Alliance LLC. lowered its stake in shares of Chubb Limited (NYSE:CB) by 45.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,119 shares of the financial services provider’s stock after selling 4,328 shares during the period. Integrity Alliance LLC.’s holdings in Chubb were worth $1,483,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. North Capital Inc. bought a new stake in Chubb in the 1st quarter valued at $26,000. IMA Advisory Services Inc. bought a new stake in Chubb in the 1st quarter valued at $31,000. 1248 Management LLC bought a new stake in Chubb in the 1st quarter valued at $31,000. WPG Advisers LLC bought a new stake in Chubb in the 1st quarter valued at $33,000. Finally, Maseco LLP bought a new stake in Chubb in the 2nd quarter valued at $35,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CB. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, October 22nd. BMO Capital Markets restated a “market perform” rating and issued a $283.00 price target on shares of Chubb in a research note on Thursday, October 23rd. Bank of America upped their price objective on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. Wolfe Research upped their price objective on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $307.79.

Insider Activity

In other news, insider John J. Lupica sold 23,698 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This represents a 20.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.77% of the company’s stock.

Chubb Stock Performance

CB opened at $277.13 on Friday. The firm has a market cap of $109.07 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The business’s fifty day moving average is $277.80 and its 200-day moving average is $280.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. The company had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $5.72 EPS. Sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio is 16.19%.

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.