Chubb Limited (NYSE:CB) Shares Sold by Financial Management Professionals Inc.

Financial Management Professionals Inc. trimmed its position in shares of Chubb Limited (NYSE:CB) by 5.5% during the third quarter, Holdings Channel reports. The institutional investor owned 900 shares of the financial services provider’s stock after selling 52 shares during the quarter. Financial Management Professionals Inc.’s holdings in Chubb were worth $260,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vicus Capital increased its holdings in shares of Chubb by 57.8% in the 1st quarter. Vicus Capital now owns 2,376 shares of the financial services provider’s stock valued at $616,000 after acquiring an additional 870 shares during the last quarter. Diversified Trust Co raised its stake in Chubb by 10.3% during the 1st quarter. Diversified Trust Co now owns 43,762 shares of the financial services provider’s stock worth $11,340,000 after acquiring an additional 4,092 shares in the last quarter. BKM Wealth Management LLC boosted its stake in Chubb by 6.3% in the first quarter. BKM Wealth Management LLC now owns 5,830 shares of the financial services provider’s stock valued at $1,511,000 after acquiring an additional 343 shares in the last quarter. Hi Line Capital Management LLC boosted its stake in Chubb by 1.4% in the first quarter. Hi Line Capital Management LLC now owns 37,083 shares of the financial services provider’s stock valued at $9,641,000 after acquiring an additional 517 shares in the last quarter. Finally, Talbot Financial LLC acquired a new stake in shares of Chubb during the first quarter worth about $13,074,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several research analyst reports. Jefferies Financial Group lifted their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Piper Sandler upped their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. JMP Securities reiterated a “market outperform” rating and issued a $300.00 target price on shares of Chubb in a research note on Tuesday, October 15th. Finally, Bank of America upped their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $282.37.

Chubb Stock Performance

NYSE:CB opened at $287.99 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $116.94 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The firm has a 50-day moving average price of $287.15 and a two-hundred day moving average price of $269.47. Chubb Limited has a twelve month low of $207.46 and a twelve month high of $302.05.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s payout ratio is currently 16.16%.

Insider Activity at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by insiders.

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.