Chubb Limited (NYSE:CB) Shares Sold by Kensington Investment Counsel LLC

Kensington Investment Counsel LLC cut its position in Chubb Limited (NYSE:CB) by 39.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 990 shares of the financial services provider’s stock after selling 653 shares during the period. Kensington Investment Counsel LLC’s holdings in Chubb were worth $274,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CB. Axxcess Wealth Management LLC grew its holdings in Chubb by 3.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,277 shares of the financial services provider’s stock worth $905,000 after acquiring an additional 105 shares during the period. Delphi Management Inc. MA grew its holdings in Chubb by 1.3% during the fourth quarter. Delphi Management Inc. MA now owns 5,255 shares of the financial services provider’s stock worth $1,452,000 after acquiring an additional 65 shares during the period. Tocqueville Asset Management L.P. grew its holdings in Chubb by 8.2% during the fourth quarter. Tocqueville Asset Management L.P. now owns 133,566 shares of the financial services provider’s stock worth $36,904,000 after acquiring an additional 10,105 shares during the period. William Blair Investment Management LLC grew its holdings in Chubb by 0.5% during the fourth quarter. William Blair Investment Management LLC now owns 186,045 shares of the financial services provider’s stock worth $51,404,000 after acquiring an additional 932 shares during the period. Finally, Signaturefd LLC grew its holdings in Chubb by 1.9% during the fourth quarter. Signaturefd LLC now owns 5,966 shares of the financial services provider’s stock worth $1,648,000 after acquiring an additional 111 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value 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. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb 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 sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Chubb Stock Performance

Shares of Chubb stock opened at $297.81 on Tuesday. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company has a market cap of $119.25 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 3.36 and a beta of 0.66. 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 business’s 50 day moving average price is $274.21 and its 200 day moving average price is $280.97.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (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, research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

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 paid 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 1.22%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Analyst Ratings Changes

CB has been the topic of a number of recent analyst reports. Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $301.00.

Chubb Company 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.