Sound Financial Strategies Group LLC Cuts Stake in Chubb Limited (NYSE:CB)

Sound Financial Strategies Group LLC decreased its holdings in Chubb Limited (NYSE:CB) by 37.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,590 shares of the financial services provider’s stock after selling 1,523 shares during the period. Sound Financial Strategies Group LLC’s holdings in Chubb were worth $585,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. IFP Advisors Inc raised its holdings in Chubb by 34.7% during the 3rd quarter. IFP Advisors Inc now owns 1,086 shares of the financial services provider’s stock valued at $226,000 after buying an additional 280 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Chubb by 15.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,592 shares of the financial services provider’s stock valued at $331,000 after buying an additional 217 shares during the last quarter. Avior Wealth Management LLC raised its holdings in Chubb by 14.9% during the 3rd quarter. Avior Wealth Management LLC now owns 5,082 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 659 shares during the last quarter. LaFleur & Godfrey LLC bought a new stake in Chubb during the 3rd quarter valued at $202,000. Finally, Proficio Capital Partners LLC raised its holdings in Chubb by 5.1% during the 3rd quarter. Proficio Capital Partners LLC now owns 2,679 shares of the financial services provider’s stock valued at $558,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB traded down $6.87 during trading on Wednesday, hitting $243.01. The company’s stock had a trading volume of 3,184,853 shares, compared to its average volume of 1,748,423. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The firm has a market cap of $98.66 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 1.18 and a beta of 0.62. The company has a 50-day moving average of $252.54 and a 200-day moving average of $235.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The company had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter last year, the business earned $4.41 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts expect that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is currently 15.76%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup restated a “neutral” rating and issued a $275.00 price objective (up from $238.00) on shares of Chubb in a report on Thursday, March 14th. Piper Sandler reiterated an “overweight” rating and issued a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a research note on Monday, April 15th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and an average price target of $266.37.

Insider Activity

In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 over the last quarter. Insiders own 0.86% of the company’s stock.

Chubb 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.