United Capital Financial Advisors LLC Sells 1,264 Shares of Chubb Limited (NYSE:CB)

United Capital Financial Advisors LLC trimmed its position in shares of Chubb Limited (NYSE:CB - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,840 shares of the financial services provider's stock after selling 1,264 shares during the period. United Capital Financial Advisors LLC's holdings in Chubb were worth $4,100,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CB. Sierra Ocean LLC bought a new position in Chubb in the 4th quarter worth $29,000. Crowley Wealth Management Inc. purchased a new stake in Chubb in the fourth quarter worth about $29,000. Strategic Financial Concepts LLC purchased a new position in shares of Chubb during the 4th quarter worth approximately $30,000. Human Investing LLC bought a new position in shares of Chubb in the 4th quarter worth approximately $36,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Chubb during the fourth quarter valued at approximately $37,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on CB shares. Keefe, Bruyette & Woods lowered their price objective on Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Barclays dropped their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. JMP Securities reissued a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Piper Sandler lifted 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. Finally, Royal Bank of Canada restated an "outperform" rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of "Hold" and a consensus target price of $307.21.

Chubb Stock Performance

CB stock traded up $7.64 during trading on Tuesday, reaching $287.42. The stock had a trading volume of 197,940 shares, compared to its average volume of 1,828,123. The stock's 50 day moving average is $284.92 and its two-hundred day moving average is $281.00. The firm has a market cap of $115.17 billion, a PE ratio of 12.65, a PEG ratio of 3.36 and a beta of 0.47. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $306.91. 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 released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, 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 was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. Chubb's payout ratio is currently 16.02%.

Insider Activity at Chubb

In other news, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb 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 sale, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is owned by company 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.