Core Alternative Capital Cuts Stock Holdings in Chubb Limited $CB

Core Alternative Capital lessened its position in Chubb Limited (NYSE:CB) by 12.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,627 shares of the financial services provider’s stock after selling 2,664 shares during the quarter. Chubb comprises 1.5% of Core Alternative Capital’s holdings, making the stock its 22nd largest position. Core Alternative Capital’s holdings in Chubb were worth $5,257,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Westbourne Investment Advisors Inc. boosted its position in shares of Chubb by 12.3% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock valued at $6,275,000 after acquiring an additional 2,427 shares during the last quarter. Assetmark Inc. raised its stake in 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 purchasing an additional 8,828 shares during the period. Trifecta Capital Advisors LLC raised its stake in Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 130 shares during the period. Sivia Capital Partners LLC boosted its holdings in Chubb by 166.3% in the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock valued at $1,046,000 after purchasing an additional 2,315 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Chubb by 28.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock valued at $16,750,000 after buying an additional 12,784 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the sale, the insider owned 74,225 shares in the company, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 33,635 shares of company stock worth $9,970,735. Company insiders own 0.86% of the company’s stock.

Chubb Stock Down 0.6%

Shares of CB opened at $301.59 on Wednesday. The company’s 50-day simple moving average is $304.18 and its 200-day simple moving average is $286.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a 1 year low of $263.14 and a 1 year high of $316.94. The stock has a market capitalization of $118.69 billion, a PE ratio of 12.59, a P/E/G ratio of 1.95 and a beta of 0.51.

Chubb Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. Barclays increased their price target on Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $354.00 price objective on the stock in a report on Friday, January 16th. Finally, Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and an average price target of $323.81.

Chubb 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.