Sequoia Financial Advisors LLC Boosts Stock Position in Chubb Limited $CB

Sequoia Financial Advisors LLC raised its holdings in Chubb Limited (NYSE:CB) by 9.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,543 shares of the financial services provider’s stock after purchasing an additional 2,199 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Chubb were worth $6,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in CB. Brighton Jones LLC increased its holdings in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after buying an additional 221 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Chubb during the 4th quarter worth approximately $205,000. Woodline Partners LP raised its holdings in shares of Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares during the period. Sivia Capital Partners LLC lifted its stake in Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 175 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Chubb by 20.2% in the second quarter. Exchange Traded Concepts LLC now owns 4,256 shares of the financial services provider’s stock valued at $1,233,000 after purchasing an additional 715 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 0.2%

Shares of CB opened at $300.60 on Tuesday. Chubb Limited has a twelve month low of $263.14 and a twelve month high of $316.94. The stock has a market cap of $118.30 billion, a PE ratio of 12.55, a P/E/G ratio of 3.15 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $303.46 and its 200-day moving average price is $286.07.

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

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s payout ratio is 16.19%.

Analyst Ratings Changes

CB has been the subject of a number of recent research reports. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $354.00 target price for the company in a research report on Friday. The Goldman Sachs Group raised Chubb from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $309.00 to $351.00 in a report on Wednesday, January 7th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research report on Friday. Finally, Evercore ISI restated an “outperform” rating and set a $346.00 price target on shares of Chubb in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.81.

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the sale, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.86% of the stock is currently owned by company insiders.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.