Chubb Limited (NYSE:CB) Shares Sold by InterOcean Capital Group LLC

InterOcean Capital Group LLC lessened its holdings in Chubb Limited (NYSE:CB) by 13.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 922 shares of the financial services provider’s stock after selling 145 shares during the quarter. InterOcean Capital Group LLC’s holdings in Chubb were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CB. Brookstone Capital Management purchased a new stake in shares of Chubb during the 4th quarter worth approximately $207,000. Mutual Advisors LLC lifted its position in Chubb by 11.2% in the fourth quarter. Mutual Advisors LLC now owns 1,900 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 191 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Chubb by 55.8% in the fourth quarter. Pacer Advisors Inc. now owns 40,715 shares of the financial services provider’s stock valued at $9,202,000 after acquiring an additional 14,588 shares in the last quarter. Simon Quick Advisors LLC purchased a new position in shares of Chubb during the fourth quarter worth about $204,000. Finally, ZRC Wealth Management LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE CB opened at $265.54 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.36. Chubb Limited has a one year low of $198.10 and a one year high of $275.41. The firm has a market capitalization of $107.83 billion, a P/E ratio of 11.61, a PEG ratio of 6.08 and a beta of 0.66. The company’s fifty day moving average is $262.11 and its two-hundred day moving average is $253.11.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the previous year, the firm earned $4.92 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. Analysts forecast that Chubb Limited will post 20.97 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio is currently 16.16%.

Analyst Ratings Changes

CB has been the topic of a number of research reports. Royal Bank of Canada raised their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America raised their target price on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group upped their price target 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. JMP Securities raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Finally, HSBC restated a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $270.05.

Insider Buying and Selling

In other news, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the transaction, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the transaction, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares in the company, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,552 shares of company stock valued at $12,149,985. 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.