Focus Partners Wealth Sells 1,154 Shares of Chubb Limited $CB

Focus Partners Wealth reduced its position in shares of Chubb Limited (NYSE:CB) by 4.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,011 shares of the financial services provider’s stock after selling 1,154 shares during the quarter. Focus Partners Wealth’s holdings in Chubb were worth $8,467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Chubb during the fourth quarter valued at approximately $205,000. Bank Pictet & Cie Europe AG bought a new position in Chubb in the 4th quarter worth $1,320,000. Raiffeisen Bank International AG purchased a new stake in shares of Chubb in the 4th quarter worth about $1,417,000. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Chubb by 981.7% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 26,360 shares of the financial services provider’s stock valued at $7,283,000 after purchasing an additional 23,923 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CB. Wells Fargo & Company decreased their price target on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating for the company in a research note on Thursday, July 24th. Hsbc Global Res lowered Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Barclays lowered Chubb from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $321.00 to $298.00 in a research report on Monday, July 7th. Citigroup initiated coverage on Chubb in a report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft cut shares of Chubb from a “buy” rating to a “hold” rating and set a $303.00 target price on the stock. in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $302.00.

Chubb Trading Down 1.7%

NYSE:CB opened at $278.02 on Friday. The company has a market cap of $110.84 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 3.19 and a beta of 0.56. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $274.38 and a two-hundred day simple moving average of $283.40. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the previous year, the business earned $5.38 earnings per share. Chubb’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, September 12th. Chubb’s dividend payout ratio is currently 17.12%.

Insider Buying and Selling

In other news, Director Michael Corbat purchased 425 shares of the stock in a transaction dated Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by company insiders.

About Chubb

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.