Ameritas Investment Partners Inc. Sells 581 Shares of Chubb Limited $CB

Ameritas Investment Partners Inc. trimmed its holdings in Chubb Limited (NYSE:CB) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,644 shares of the financial services provider’s stock after selling 581 shares during the period. Ameritas Investment Partners Inc.’s holdings in Chubb were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Modern Wealth Management LLC raised its stake in shares of Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 143 shares during the period. Assetmark Inc. grew its holdings in shares of Chubb by 14.1% during the second quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after buying an additional 8,828 shares in the last quarter. Trifecta Capital Advisors LLC raised its position in Chubb by 764.7% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after buying an additional 130 shares during the last quarter. Jump Financial LLC raised its position in Chubb by 633.6% in the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after buying an additional 7,065 shares during the last quarter. Finally, Investment Partners Asset Management Inc. lifted its stake in Chubb by 19.3% in the 2nd quarter. Investment Partners Asset Management Inc. now owns 1,789 shares of the financial services provider’s stock valued at $518,000 after acquiring an additional 290 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the sale, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,903 shares of company stock worth $13,245,483 over the last three months. 0.77% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Citigroup raised their target price on shares of Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. UBS Group increased their price objective on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, Wells Fargo & Company raised their price objective on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Chubb has an average rating of “Hold” and an average price target of $308.11.

Chubb Stock Performance

Shares of CB opened at $297.75 on Wednesday. The company has a market cap of $117.18 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. The firm has a 50-day moving average of $283.11 and a 200-day moving average of $281.32. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the prior year, the firm earned $5.72 EPS. Chubb’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

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.