Delta Capital Management LLC Trims Position in Chubb Limited $CB

Delta Capital Management LLC reduced its holdings in Chubb Limited (NYSE:CB) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,520 shares of the financial services provider’s stock after selling 1,600 shares during the period. Chubb comprises 1.3% of Delta Capital Management LLC’s holdings, making the stock its 15th biggest position. Delta Capital Management LLC’s holdings in Chubb were worth $3,596,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CB. Harbor Capital Advisors Inc. grew its position in Chubb by 93.6% during the 3rd 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 period. Cedar Mountain Advisors LLC lifted its holdings in shares of Chubb by 155.6% in the 3rd 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 during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb in the third quarter worth about $31,000. Cornerstone Planning Group LLC boosted its stake in shares of Chubb by 81.5% in the third 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 acquired a new stake in Chubb during the third quarter worth about $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other news, 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 value of $9,234,687.66. Following the transaction, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 44,877 shares of company stock valued at $14,885,226. 0.86% of the stock is owned by insiders.

Chubb Price Performance

Chubb stock opened at $325.31 on Tuesday. 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 stock has a market capitalization of $126.95 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.70 and a beta of 0.46. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The company’s fifty day moving average price is $323.92 and its 200 day moving average price is $303.49.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (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 analyst estimates of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $6.02 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared 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. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s payout ratio is presently 15.08%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CB shares. Bank of America decreased their price target on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a report on Friday, January 16th. Citizens Jmp reaffirmed a “market outperform” rating and set a $350.00 target price on shares of Chubb in a report on Wednesday, February 4th. BMO Capital Markets boosted their target price on shares of Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research note on Tuesday, February 10th. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, Citigroup raised their price target on shares of Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $342.05.

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.