Glenview Trust co Sells 11,333 Shares of Chubb Limited (NYSE:CB)

Glenview Trust co trimmed its holdings in Chubb Limited (NYSE:CB - Free Report) by 16.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 58,054 shares of the financial services provider's stock after selling 11,333 shares during the quarter. Glenview Trust co's holdings in Chubb were worth $16,040,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CB. Impax Asset Management Group plc bought a new position in Chubb during the third quarter valued at approximately $26,336,000. Harbour Investments Inc. lifted its holdings in shares of Chubb by 3.3% during the 3rd quarter. Harbour Investments Inc. now owns 2,083 shares of the financial services provider's stock valued at $601,000 after buying an additional 66 shares during the period. Kovack Advisors Inc. purchased a new position in shares of Chubb in the 3rd quarter worth $234,000. Zions Bancorporation N.A. grew its holdings in shares of Chubb by 10.3% in the third quarter. Zions Bancorporation N.A. now owns 2,417 shares of the financial services provider's stock worth $697,000 after acquiring an additional 225 shares during the period. Finally, Balboa Wealth Partners purchased a new stake in Chubb during the third quarter valued at $259,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CB. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Barclays reduced their target price 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. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $301.00.

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Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Performance

Shares of NYSE:CB opened at $294.46 on Friday. The firm has a fifty day simple moving average of $273.60 and a two-hundred day simple moving average of $280.85. Chubb Limited has a 52 week low of $238.85 and a 52 week 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 $117.91 billion, a P/E ratio of 12.96, a PEG ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last released its quarterly 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%. On average, analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.24%. Chubb's payout ratio is presently 16.02%.

About Chubb

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.

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