Chubb Limited $CB Shares Sold by Cim Investment Management Inc.

Cim Investment Management Inc. lessened its stake in Chubb Limited (NYSE:CB) by 50.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,377 shares of the financial services provider’s stock after selling 3,467 shares during the period. Cim Investment Management Inc.’s holdings in Chubb were worth $953,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its position in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC raised its stake in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in Chubb during the second quarter valued at approximately $32,000. Cornerstone Planning Group LLC lifted its holdings in Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in Chubb during the 3rd quarter worth approximately $34,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CB shares. Roth Mkm boosted their price target on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $366.00 target price on shares of Chubb in a research note on Thursday, February 5th. JPMorgan Chase & Co. increased their target price on shares of Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, Jefferies Financial Group raised their price target on shares of Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $340.81.

Chubb Stock Performance

Shares of CB opened at $330.97 on Wednesday. The firm has a market cap of $129.13 billion, a P/E ratio of 12.86, a PEG ratio of 2.07 and a beta of 0.46. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The firm’s 50 day moving average price is $320.28 and its two-hundred day moving average price is $300.56.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $6.02 EPS. On average, analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be issued a $0.97 dividend. The ex-dividend date 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 presently 15.08%.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.86% of the stock is currently owned by 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.