Tower Research Capital LLC TRC Sells 1,512 Shares of Chubb Limited (NYSE:CB)

Tower Research Capital LLC TRC cut its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,625 shares of the financial services provider's stock after selling 1,512 shares during the quarter. Tower Research Capital LLC TRC's holdings in Chubb were worth $5,975,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Chubb during the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. purchased a new position in shares of Chubb in the 4th quarter worth about $29,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb in the 4th quarter worth approximately $30,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after buying an additional 89 shares during the period. Finally, Human Investing LLC bought a new position in Chubb during the fourth quarter worth about $36,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CB. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Wells Fargo & Company upped their price target on shares of Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research report on Thursday. Jefferies Financial Group upped their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Finally, JMP Securities reissued a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Chubb has an average rating of "Moderate Buy" and an average price target of $307.79.

Chubb Stock Performance

Shares of CB traded down $2.93 during mid-day trading on Friday, hitting $279.07. 2,381,203 shares of the company traded hands, compared to its average volume of 1,630,854. The stock has a market cap of $111.82 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 3.36 and a beta of 0.47. Chubb Limited has a 1 year low of $242.25 and a 1 year high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a 50-day moving average price of $286.14 and a two-hundred day moving average price of $281.13.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

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

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the business'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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 over the last quarter. 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.