Clean Yield Group Decreases Stock Position in Chubb Ltd (NYSE:CB)

Clean Yield Group reduced its position in Chubb Ltd (NYSE:CB) by 66.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 438 shares of the financial services provider’s stock after selling 864 shares during the period. Clean Yield Group’s holdings in Chubb were worth $71,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC lifted its stake in shares of Chubb by 2.9% during the third quarter. Valeo Financial Advisors LLC now owns 2,397 shares of the financial services provider’s stock worth $387,000 after buying an additional 67 shares during the period. Alpha Cubed Investments LLC lifted its stake in shares of Chubb by 4.3% during the second quarter. Alpha Cubed Investments LLC now owns 1,708 shares of the financial services provider’s stock worth $252,000 after buying an additional 70 shares during the period. Flagship Harbor Advisors LLC lifted its stake in shares of Chubb by 2.8% during the second quarter. Flagship Harbor Advisors LLC now owns 2,721 shares of the financial services provider’s stock worth $400,000 after buying an additional 75 shares during the period. Torch Wealth Management LLC lifted its stake in shares of Chubb by 0.5% during the second quarter. Torch Wealth Management LLC now owns 16,148 shares of the financial services provider’s stock worth $2,378,000 after buying an additional 75 shares during the period. Finally, Lantz Financial LLC lifted its stake in shares of Chubb by 0.8% during the third quarter. Lantz Financial LLC now owns 9,649 shares of the financial services provider’s stock worth $1,513,000 after buying an additional 75 shares during the period. 89.51% of the stock is owned by institutional investors and hedge funds.

In related news, insider Paul Bennett Medini sold 2,125 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $153.72, for a total transaction of $326,655.00. Following the completion of the sale, the insider now owns 89,534 shares of the company’s stock, valued at approximately $13,763,166.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul J. Krump sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $155.00, for a total transaction of $775,000.00. Following the sale, the insider now directly owns 118,865 shares of the company’s stock, valued at approximately $18,424,075. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,625 shares of company stock valued at $4,037,880. 0.47% of the stock is owned by corporate insiders.

CB stock opened at $151.12 on Friday. The stock has a market capitalization of $68.44 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.44 and a beta of 0.70. The firm has a 50-day simple moving average of $157.66 and a 200-day simple moving average of $150.60. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.25. Chubb Ltd has a 52 week low of $119.54 and a 52 week high of $162.44.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.02. Chubb had a net margin of 11.00% and a return on equity of 8.53%. The business had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter in the previous year, the company earned $2.68 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts expect that Chubb Ltd will post 10.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were paid a dividend of $0.75 per share. The ex-dividend date was Thursday, September 19th. This represents a $3.00 annualized dividend and a yield of 1.99%. Chubb’s dividend payout ratio is presently 31.78%.

A number of research analysts recently issued reports on CB shares. Evercore ISI started coverage on shares of Chubb in a research report on Thursday, October 17th. They set an “in-line” rating and a $149.00 target price for the company. Morgan Stanley boosted their target price on shares of Chubb from $154.00 to $163.00 and gave the company an “equal weight” rating in a research report on Thursday, August 15th. Barclays set a $185.00 target price on shares of Chubb and gave the company a “buy” rating in a research report on Monday, August 12th. Raymond James boosted their target price on shares of Chubb from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Wells Fargo & Co boosted their target price on shares of Chubb from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $154.75.

Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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