Fosun International Ltd Decreases Stock Holdings in Chubb Limited (NYSE:CB)

Fosun International Ltd cut its position in Chubb Limited (NYSE:CB) by 40.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,000 shares of the financial services provider’s stock after selling 1,380 shares during the quarter. Fosun International Ltd’s holdings in Chubb were worth $452,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp boosted its position in shares of Chubb by 1.2% during the 3rd quarter. Mackenzie Financial Corp now owns 74,041 shares of the financial services provider’s stock valued at $15,172,000 after purchasing an additional 906 shares in the last quarter. AMF Tjanstepension AB grew its holdings in Chubb by 1.1% during the third quarter. AMF Tjanstepension AB now owns 43,552 shares of the financial services provider’s stock valued at $9,096,000 after purchasing an additional 490 shares during the last quarter. Waldron Private Wealth LLC grew its holdings in Chubb by 4.6% during the third quarter. Waldron Private Wealth LLC now owns 2,778 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 121 shares during the last quarter. Kanawha Capital Management LLC grew its stake in shares of Chubb by 7.0% in the third quarter. Kanawha Capital Management LLC now owns 54,391 shares of the financial services provider’s stock worth $11,323,000 after acquiring an additional 3,553 shares during the last quarter. Finally, NBT Bank N A NY acquired a new stake in shares of Chubb in the third quarter worth $1,821,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

CB traded up $0.73 on Thursday, hitting $252.36. The company had a trading volume of 82,167 shares, compared to its average volume of 1,703,938. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The company’s fifty day moving average price is $251.85 and its 200 day moving average price is $237.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $102.47 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same period in the prior year, the company posted $4.41 earnings per share. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. Equities analysts predict that Chubb Limited will post 21.18 earnings per share 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 issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.36%. Chubb’s payout ratio is 15.27%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CB. Raymond James upped their price target on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. HSBC reissued a “hold” rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Keefe, Bruyette & Woods cut their price target on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a report on Tuesday. Wells Fargo & Company raised their price target on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Finally, The Goldman Sachs Group raised their target price on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb has an average rating of “Moderate Buy” and a consensus price target of $266.74.

Insider Activity

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

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.