Chubb Limited (NYSE:CB) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV lessened its holdings in shares of Chubb Limited (NYSE:CB) by 2.6% during the 2nd quarter, Holdings Channel reports. The firm owned 6,123 shares of the financial services provider’s stock after selling 162 shares during the period. Resources Management Corp CT ADV’s holdings in Chubb were worth $1,562,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Gryphon Financial Partners LLC purchased a new stake in shares of Chubb during the fourth quarter worth approximately $597,000. SageView Advisory Group LLC purchased a new stake in shares of Chubb during the fourth quarter worth approximately $455,000. Congress Wealth Management LLC DE increased its stake in shares of Chubb by 9.0% during the fourth quarter. Congress Wealth Management LLC DE now owns 1,978 shares of the financial services provider’s stock worth $447,000 after buying an additional 164 shares during the period. Heritage Wealth Advisors increased its stake in shares of Chubb by 9.9% during the fourth quarter. Heritage Wealth Advisors now owns 666 shares of the financial services provider’s stock worth $151,000 after buying an additional 60 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Chubb by 2.0% during the fourth quarter. Parallel Advisors LLC now owns 4,929 shares of the financial services provider’s stock worth $1,114,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of CB opened at $292.11 on Tuesday. 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’s 50 day simple moving average is $276.51 and its 200-day simple moving average is $263.75. Chubb Limited has a 12-month low of $204.15 and a 12-month high of $294.18. The firm has a market cap of $118.61 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same period last year, the company earned $4.92 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts predict that Chubb Limited will post 21.2 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CB shares. Royal Bank of Canada upped their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Barclays initiated coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price on the stock. Roth Mkm increased their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Finally, Bank of America increased their price target on shares of Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $274.70.

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.