Astoria Portfolio Advisors LLC. Sells 82 Shares of Chubb Limited (NYSE:CB)

Astoria Portfolio Advisors LLC. trimmed its stake in Chubb Limited (NYSE:CB) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,715 shares of the financial services provider’s stock after selling 82 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Chubb were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CB. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Chubb in the 4th quarter worth about $29,000. ZRC Wealth Management LLC purchased a new stake in Chubb in the fourth quarter worth approximately $29,000. EdgeRock Capital LLC bought a new position in Chubb during the fourth quarter valued at approximately $35,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Chubb during the fourth quarter worth approximately $32,000. Finally, Northwest Financial Advisors bought a new stake in shares of Chubb in the 4th quarter worth approximately $33,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Down 2.7 %

Chubb stock opened at $255.07 on Friday. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $275.41. The firm has a market capitalization of $103.57 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 6.29 and a beta of 0.66. The firm has a 50 day moving average of $259.30 and a 200 day moving average of $248.48. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.41 earnings per share. As a group, research analysts predict that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CB. Royal Bank of Canada restated an “outperform” rating and set a $285.00 target price on shares of Chubb in a report on Friday. HSBC reaffirmed a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. The Goldman Sachs Group increased their price target on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Evercore ISI lifted their price objective on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods decreased their target price on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $266.70.

Insider Activity at Chubb

In other news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total transaction of $626,352.00. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at $11,648,059.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the transaction, the executive vice president now directly owns 45,853 shares in the company, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. Insiders have sold a total of 47,552 shares of company stock valued at $12,149,985 over the last 90 days. 0.86% of the stock is owned by corporate 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.