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

Vontobel Holding Ltd. trimmed its position in shares of Chubb Limited (NYSE:CB) by 5.8% during the 4th quarter, Holdings Channel reports. 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 reporting period.

Several other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System purchased a new stake in shares of Chubb during the 4th quarter worth approximately $5,582,000. MV Capital Management Inc. raised its holdings in Chubb by 0.8% during the 4th quarter. MV Capital Management Inc. now owns 12,240 shares of the financial services provider’s stock valued at $2,766,000 after buying an additional 99 shares during the period. Crestwood Advisors Group LLC raised its holdings in Chubb by 5.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,221 shares of the financial services provider’s stock valued at $276,000 after buying an additional 59 shares during the period. Simplicity Solutions LLC raised its holdings in Chubb by 6.0% during the 4th quarter. Simplicity Solutions LLC now owns 8,151 shares of the financial services provider’s stock valued at $1,842,000 after buying an additional 465 shares during the period. Finally, Graypoint LLC raised its holdings in Chubb by 1,275.7% during the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after buying an additional 29,302 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CB. Citigroup restated a “neutral” rating and set a $275.00 price target (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. HSBC reaffirmed a “hold” rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a research report on Monday, April 1st. StockNews.com raised Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Finally, Royal Bank of Canada upped their price objective on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 over the last three months. 0.86% of the stock is currently owned by insiders.

Chubb Trading Down 0.7 %

Chubb stock opened at $243.46 on Thursday. The stock has a 50-day moving average of $252.43 and a two-hundred day moving average of $233.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The stock has a market cap of $98.84 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62.

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

Chubb Announces Dividend

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

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.