Journey Advisory Group LLC Trims Position in Chubb Limited (NYSE:CB)

Journey Advisory Group LLC lessened its stake in shares of Chubb Limited (NYSE:CB) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,487 shares of the financial services provider’s stock after selling 90 shares during the period. Journey Advisory Group LLC’s holdings in Chubb were worth $1,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Americana Partners LLC acquired a new stake in shares of Chubb during the 3rd quarter worth about $292,000. Lazard Asset Management LLC increased its position in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares during the last quarter. Alphinity Investment Management Pty Ltd increased its position in shares of Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after purchasing an additional 324,019 shares during the last quarter. ING Groep NV increased its position in shares of Chubb by 175,378.1% during the 4th quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock worth $25,381,000 after purchasing an additional 112,242 shares during the last quarter. Finally, Graypoint LLC increased its position in shares of Chubb by 1,275.7% during the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after purchasing an additional 29,302 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 26,946 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the transaction, the executive vice president now directly owns 95,252 shares in the company, valued at approximately $24,481,669.04. The disclosure for this sale can be found here. Insiders sold 112,665 shares of company stock worth $28,892,351 over the last 90 days. 0.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CB. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. UBS Group lifted their target price on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Raymond James lifted their target price on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. Keefe, Bruyette & Woods dropped their target price on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $280.00 target price on shares of Chubb in a research report on Wednesday, April 24th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $266.70.

Chubb Stock Down 0.8 %

CB stock traded down $2.13 during trading on Tuesday, hitting $262.63. 1,299,814 shares of the company’s stock were exchanged, compared to its average volume of 1,728,342. The business has a 50-day moving average price of $253.92 and a two-hundred day moving average price of $242.21. The stock has a market capitalization of $106.64 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 4.32 and a beta of 0.63. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $275.41. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the previous year, the business earned $4.41 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts expect that Chubb Limited will post 21.23 EPS for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.39%. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is currently 15.27%.

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.