Sei Investments Co. Sells 1,147 Shares of Chubb Limited (NYSE:CB)

Sei Investments Co. cut its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,751 shares of the financial services provider's stock after selling 1,147 shares during the period. Sei Investments Co.'s holdings in Chubb were worth $50,771,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Continuum Advisory LLC grew its holdings in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb in the third quarter valued at approximately $29,000. Raelipskie Partnership bought a new stake in shares of Chubb during the third quarter worth $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb during the fourth quarter worth $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 25,728 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 over the last ninety days. 0.86% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CB. Royal Bank of Canada restated an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their price target on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Barclays dropped their price objective on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has a consensus rating of "Hold" and an average target price of $301.00.

Chubb Trading Up 1.1 %

CB traded up $3.39 during trading on Thursday, reaching $298.71. 1,182,697 shares of the stock traded hands, compared to its average volume of 1,500,076. The stock's 50-day moving average is $278.22 and its 200 day moving average is $281.35. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $119.61 billion, a PE ratio of 13.15, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.22%. Chubb's dividend payout ratio is currently 16.02%.

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.