Viawealth LLC Lowers Position in Chubb Limited (NYSE:CB)

Viawealth LLC cut its holdings in shares of Chubb Limited (NYSE:CB) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,748 shares of the financial services provider’s stock after selling 351 shares during the quarter. Viawealth LLC’s holdings in Chubb were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CB. Prospera Financial Services Inc grew its holdings in shares of Chubb by 14.1% during the 3rd quarter. Prospera Financial Services Inc now owns 14,937 shares of the financial services provider’s stock worth $4,308,000 after purchasing an additional 1,850 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Chubb by 12.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 7,104 shares of the financial services provider’s stock valued at $2,049,000 after acquiring an additional 799 shares during the period. Banque Cantonale Vaudoise boosted its holdings in Chubb by 29.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 11,923 shares of the financial services provider’s stock valued at $3,439,000 after acquiring an additional 2,718 shares during the period. Thompson Davis & CO. Inc. boosted its holdings in Chubb by 4.1% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 6,375 shares of the financial services provider’s stock valued at $1,838,000 after acquiring an additional 250 shares during the period. Finally, Prospera Private Wealth LLC purchased a new position in Chubb during the 3rd quarter valued at about $127,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

CB stock opened at $296.33 on Thursday. The business has a 50 day moving average price of $275.35 and a 200 day moving average price of $281.16. The stock has a market cap of $118.65 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. 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 posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

Insider Buying and Selling at Chubb

In other Chubb 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,239 shares of company stock worth $14,956,786. 0.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Finally, HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price of $301.00.

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.