Chubb Limited (NYSE:CB) Shares Sold by Homestead Advisers Corp

Homestead Advisers Corp lowered its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 312,011 shares of the financial services provider's stock after selling 155,600 shares during the period. Chubb comprises 2.1% of Homestead Advisers Corp's investment portfolio, making the stock its 17th biggest position. Homestead Advisers Corp owned about 0.08% of Chubb worth $86,209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Continuum Advisory LLC raised its position 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 buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the third quarter worth $29,000. Raelipskie Partnership purchased a new stake in Chubb in the third quarter valued at $29,000. Sierra Ocean LLC purchased a new position in shares of Chubb during the 4th quarter worth $29,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of Chubb during the 4th quarter worth $29,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insiders Place Their Bets

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated 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 owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,470 shares of company stock worth $18,562,730. Insiders own 0.86% of the company's stock.

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Chubb Price Performance

Shares of CB traded up $4.38 during trading hours on Monday, reaching $300.82. The company had a trading volume of 747,226 shares, compared to its average volume of 1,780,831. The company has a market capitalization of $120.45 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.98. The firm has a 50 day simple moving average of $279.26 and a 200-day simple moving average of $281.41. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last announced 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%. Research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.21%. Chubb's dividend payout ratio (DPR) is currently 16.02%.

Analyst Ratings Changes

A number of research firms have commented on CB. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price 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 upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research note on Wednesday, March 5th. JMP Securities reissued a "market outperform" rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Finally, Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chubb has a consensus rating of "Hold" and an average target price of $301.00.

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.