Thrivent Financial for Lutherans Has $106.74 Million Stock Position in Chubb Limited (NYSE:CB)

Thrivent Financial for Lutherans trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,124 shares of the financial services provider’s stock after selling 48,508 shares during the period. Thrivent Financial for Lutherans’ holdings in Chubb were worth $106,735,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in Chubb by 25.5% during the third quarter. Empowered Funds LLC now owns 12,033 shares of the financial services provider’s stock worth $3,470,000 after acquiring an additional 2,446 shares in the last quarter. Accredited Investors Inc. acquired a new stake in shares of Chubb in the 3rd quarter valued at about $237,000. TrinityPoint Wealth LLC acquired a new stake in shares of Chubb in the 3rd quarter valued at about $227,000. Drive Wealth Management LLC raised its stake in shares of Chubb by 4.6% in the 3rd quarter. Drive Wealth Management LLC now owns 1,238 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 55 shares during the period. Finally, Baron Wealth Management LLC raised its stake in shares of Chubb by 13.8% in the 3rd quarter. Baron Wealth Management LLC now owns 1,941 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 235 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CB shares. Keefe, Bruyette & Woods lifted their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $301.00.

Chubb Trading Up 1.3 %

Shares of NYSE:CB opened at $297.81 on Tuesday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The stock has a market cap of $119.25 billion, a PE ratio of 13.11, a P/E/G ratio of 3.36 and a beta of 0.66. The business has a 50 day moving average of $274.21 and a 200-day moving average of $280.97. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio is presently 16.02%.

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.