United Asset Strategies Inc. Reduces Position in Chubb Limited (NYSE:CB)

United Asset Strategies Inc. decreased its position in Chubb Limited (NYSE:CB) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,403 shares of the financial services provider’s stock after selling 61 shares during the period. United Asset Strategies Inc.’s holdings in Chubb were worth $769,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CB. AdvisorNet Financial Inc raised its stake in Chubb by 5.2% in the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock worth $200,000 after buying an additional 44 shares in the last quarter. Valley National Advisers Inc. grew its stake in Chubb by 0.9% in the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock valued at $1,155,000 after purchasing an additional 44 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its position in shares of Chubb by 3.9% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after buying an additional 47 shares during the last quarter. Innovis Asset Management LLC boosted its holdings in shares of Chubb by 1.7% in the 3rd quarter. Innovis Asset Management LLC now owns 2,889 shares of the financial services provider’s stock valued at $601,000 after buying an additional 47 shares in the last quarter. Finally, Citizens National Bank Trust Department grew its position in shares of Chubb by 0.3% in the 3rd quarter. Citizens National Bank Trust Department now owns 16,156 shares of the financial services provider’s stock worth $3,363,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CB shares. StockNews.com raised Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. HSBC reaffirmed a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. UBS Group raised their price target on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Wells Fargo & Company lifted their price target on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Finally, Morgan Stanley upped their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

Insider Activity at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock valued at $29,766,694 in the last three months. 0.86% of the stock is currently owned by company insiders.

Chubb Price Performance

Shares of NYSE CB opened at $245.25 on Wednesday. The stock’s 50-day moving average is $252.50 and its two-hundred day moving average is $233.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The company has a market cap of $99.57 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Analysts forecast that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.40%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.