M Holdings Securities Inc. Trims Stock Position in Chubb Limited (NYSE:CB)

M Holdings Securities Inc. lowered its stake in Chubb Limited (NYSE:CB – Get Rating) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,123 shares of the financial services provider’s stock after selling 61 shares during the period. M Holdings Securities Inc.’s holdings in Chubb were worth $386,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its position in Chubb by 4.2% during the third quarter. International Assets Investment Management LLC now owns 2,673 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 107 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Chubb by 4.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,227,140 shares of the financial services provider’s stock worth $223,214,000 after purchasing an additional 53,639 shares in the last quarter. Captrust Financial Advisors boosted its position in Chubb by 9.1% during the second quarter. Captrust Financial Advisors now owns 60,047 shares of the financial services provider’s stock worth $11,853,000 after purchasing an additional 4,999 shares in the last quarter. HighTower Trust Company N.A. purchased a new stake in Chubb during the third quarter worth $334,000. Finally, Joel Isaacson & Co. LLC boosted its position in Chubb by 19.0% during the third quarter. Joel Isaacson & Co. LLC now owns 2,350 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 87.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CB shares. Atlantic Securities boosted their target price on Chubb from $240.00 to $250.00 in a research report on Wednesday, February 22nd. Jefferies Financial Group downgraded Chubb from a “buy” rating to a “hold” rating and upped their price objective for the company from $241.00 to $246.00 in a research report on Monday, January 9th. Barclays dropped their target price on Chubb from $258.00 to $255.00 and set an “overweight” rating for the company in a research note on Thursday, February 2nd. Morgan Stanley upped their target price on Chubb from $216.00 to $220.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 22nd. Finally, MKM Partners upped their target price on Chubb from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, December 5th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.36.

Insider Activity

In other news, COO John W. Keogh sold 23,871 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $212.18, for a total transaction of $5,064,948.78. Following the completion of the transaction, the chief operating officer now owns 272,062 shares of the company’s stock, valued at $57,726,115.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Chubb Stock Down 3.4 %

Shares of NYSE:CB opened at $187.40 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $214.76 and a 200 day simple moving average of $207.35. The firm has a market cap of $77.49 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.14 and a beta of 0.66. Chubb Limited has a 12-month low of $173.78 and a 12-month high of $231.37.

Chubb (NYSE:CB – Get Rating) last issued its quarterly earnings results on Wednesday, February 1st. The financial services provider reported $4.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.22 by ($0.17). Chubb had a return on equity of 12.51% and a net margin of 12.35%. The company had revenue of $11.43 billion during the quarter, compared to the consensus estimate of $11.58 billion. During the same quarter last year, the firm posted $3.81 EPS. On average, equities research analysts anticipate that Chubb Limited will post 17.4 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Friday, March 17th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Thursday, March 16th. Chubb’s dividend payout ratio (DPR) is 26.52%.

About Chubb

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Chubb Ltd. is a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.