Main Street Financial Solutions LLC Sells 1,410 Shares of Chubb Limited (NYSE:CB)

Main Street Financial Solutions LLC decreased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,061 shares of the financial services provider's stock after selling 1,410 shares during the quarter. Main Street Financial Solutions LLC's holdings in Chubb were worth $2,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its stake in Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock worth $102,840,000 after acquiring an additional 130,629 shares in the last quarter. Czech National Bank raised its holdings in Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock worth $22,458,000 after purchasing an additional 4,757 shares during the last quarter. Barclays PLC grew its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares during the period. California Public Employees Retirement System grew its stake in Chubb by 1.1% during the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock worth $373,110,000 after purchasing an additional 14,610 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Chubb by 133.9% in the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock valued at $153,000 after acquiring an additional 316 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CB. JMP Securities reiterated a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Piper Sandler upped their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, UBS Group increased their price target on shares of Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Chubb has a consensus rating of "Hold" and an average target price of $307.21.

Chubb Trading Down 2.0 %

CB traded down $5.62 during midday trading on Monday, reaching $279.97. 250,310 shares of the company's stock traded hands, compared to its average volume of 1,627,319. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $306.91. The stock has a market capitalization of $112.18 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 3.36 and a beta of 0.47. The firm has a fifty day moving average of $284.62 and a two-hundred day moving average of $281.08.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.30%. Chubb's payout ratio is 16.02%.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now directly owns 78,422 shares in the company, valued at $23,120,374.04. The trade was a 13.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. 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 in the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

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.