Chubb Limited (NYSE:CB) Shares Sold by Brookstone Capital Management

Brookstone Capital Management lowered its holdings in Chubb Limited (NYSE:CB) by 6.2% during the first quarter, Holdings Channel reports. The fund owned 857 shares of the financial services provider’s stock after selling 57 shares during the quarter. Brookstone Capital Management’s holdings in Chubb were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CB. Alphinity Investment Management Pty Ltd grew its position in Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after buying an additional 324,019 shares during the period. ING Groep NV grew its position in Chubb by 175,378.1% during the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock valued at $25,381,000 after buying an additional 112,242 shares during the period. Graypoint LLC grew its position in Chubb by 1,275.7% during the fourth 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. BKM Wealth Management LLC acquired a new stake in Chubb during the fourth quarter valued at $1,403,000. Finally, Bison Wealth LLC purchased a new position in Chubb during the fourth quarter valued at $263,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In other news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Insiders sold 47,552 shares of company stock worth $12,149,985 over the last 90 days. 0.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CB. Keefe, Bruyette & Woods decreased their price objective on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. Evercore ISI raised their price objective on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Citigroup restated a “neutral” rating and set a $275.00 price objective (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Finally, William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $266.70.

Chubb Trading Up 0.3 %

Shares of CB stock opened at $255.56 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $103.77 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 6.16 and a beta of 0.66. The company has a 50 day moving average price of $259.36 and a 200 day moving average price of $249.03. Chubb Limited has a fifty-two week low of $186.52 and a fifty-two week high of $275.41.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the previous year, the firm earned $4.41 earnings per share. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. Equities research analysts predict that Chubb Limited will post 21.03 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.42%. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is currently 16.16%.

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.