RFG Advisory LLC Trims Stock Position in Chubb Limited (NYSE:CB)

RFG Advisory LLC trimmed its position in Chubb Limited (NYSE:CB) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,043 shares of the financial services provider’s stock after selling 113 shares during the quarter. RFG Advisory LLC’s holdings in Chubb were worth $236,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CB. Fairfield Bush & CO. purchased a new position in shares of Chubb in the 1st quarter worth about $195,000. Roundview Capital LLC raised its holdings in shares of Chubb by 2.6% during the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock valued at $891,000 after buying an additional 106 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Chubb by 59.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock valued at $648,000 after buying an additional 1,134 shares during the period. Brighton Jones LLC raised its holdings in shares of Chubb by 18.7% during the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock valued at $276,000 after buying an additional 203 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in shares of Chubb by 22.0% during the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock valued at $33,110,000 after buying an additional 27,926 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Up 0.5 %

Shares of NYSE CB opened at $245.81 on Friday. The company has a market cap of $99.80 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $252.64 and its 200 day simple moving average is $233.09.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Equities research analysts expect that Chubb Limited will post 21.15 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is currently 15.76%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CB shares. JMP Securities raised their target price on Chubb from $250.00 to $280.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. UBS Group raised their price objective on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. TD Cowen started coverage on Chubb in a research note on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective for the company. The Goldman Sachs Group raised their price objective on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Raymond James raised their price objective on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.58.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 26,946 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the completion of the sale, the executive vice president now directly owns 95,252 shares in the company, valued at approximately $24,481,669.04. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

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.