First Horizon Advisors Inc. Sells 1,006 Shares of Chubb Limited (NYSE:CB)

First Horizon Advisors Inc. cut its stake in shares of Chubb Limited (NYSE:CB) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,612 shares of the financial services provider’s stock after selling 1,006 shares during the quarter. First Horizon Advisors Inc.’s holdings in Chubb were worth $8,952,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ZRC Wealth Management LLC bought a new position in shares of Chubb during the 4th quarter valued at about $29,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Chubb in the 4th quarter worth $32,000. Naples Money Management LLC bought a new stake in shares of Chubb in the 4th quarter worth about $34,000. Bell Investment Advisors Inc raised its position in shares of Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after buying an additional 59 shares in the last quarter. Finally, Addison Advisors LLC lifted its holdings in shares of Chubb by 87.0% in the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 100 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. BMO Capital Markets increased their target price on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research note on Monday, February 5th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada cut their price target on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, Piper Sandler reissued an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $266.89.

Chubb Stock Down 0.7 %

NYSE CB traded down $1.74 during midday trading on Friday, hitting $248.51. 1,444,703 shares of the company traded hands, compared to its average volume of 1,743,355. The company has a market cap of $100.91 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 1.18 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The company’s 50-day simple moving average is $252.11 and its 200-day simple moving average is $236.62.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.41 earnings per share. As a group, equities research analysts forecast that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. Chubb’s payout ratio is 15.27%.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 26,946 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.02, for a total value of $6,925,660.92. Following the completion of the transaction, the executive vice president now directly owns 95,252 shares in the company, valued at $24,481,669.04. The disclosure for this sale can be found here. Insiders have sold a total of 108,863 shares of company stock worth $28,007,307 in the last ninety days. 0.86% of the stock is owned by insiders.

Chubb Company 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.