Florida Trust Wealth Management Co Trims Holdings in Chubb Limited $CB

Florida Trust Wealth Management Co trimmed its holdings in Chubb Limited (NYSE:CB) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,496 shares of the financial services provider’s stock after selling 2,174 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Chubb were worth $18,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Kathmere Capital Management LLC grew its holdings in Chubb by 2.7% in the fourth quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 34 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Chubb by 0.5% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after purchasing an additional 35 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of Chubb by 7.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 36 shares in the last quarter. Covestor Ltd boosted its position in shares of Chubb by 26.1% in the 3rd quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 37 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of Chubb by 1.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,573 shares of the financial services provider’s stock worth $1,008,000 after buying an additional 37 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CB shares. Roth Mkm raised their price objective on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Bank of America dropped their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a report on Friday, January 16th. The Goldman Sachs Group increased their target price on Chubb from $366.00 to $368.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. Keefe, Bruyette & Woods raised their price target on Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $342.14.

Insider Activity at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares in the company, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 44,877 shares of company stock valued at $14,885,226 over the last ninety days. Insiders own 0.77% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $328.55 on Friday. The firm has a market cap of $128.21 billion, a P/E ratio of 12.77, a PEG ratio of 1.75 and a beta of 0.49. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. 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 company has a 50 day moving average of $326.08 and a 200 day moving average of $304.76.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating the consensus estimate of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $6.02 EPS. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 15.08%.

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.