Los Angeles Capital Management LLC Decreases Stake in Chubb Limited (NYSE:CB)

Los Angeles Capital Management LLC reduced its stake in Chubb Limited (NYSE:CB) by 14.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,017,669 shares of the financial services provider’s stock after selling 175,784 shares during the period. Chubb comprises 0.9% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 20th largest position. Los Angeles Capital Management LLC owned 0.25% of Chubb worth $229,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. ZRC Wealth Management LLC purchased a new position in Chubb in the 4th quarter worth approximately $29,000. Tennessee Valley Asset Management Partners purchased a new position in Chubb in the 4th quarter worth approximately $32,000. Naples Money Management LLC purchased a new position in Chubb in the 4th quarter worth approximately $34,000. Bell Investment Advisors Inc grew its position in shares of Chubb by 39.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after buying an additional 59 shares during the last quarter. Finally, Addison Advisors LLC grew its position in shares of Chubb by 87.0% in the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock worth $49,000 after buying an additional 100 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. HSBC reiterated a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. JMP Securities reiterated a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research report on Monday, April 15th. Piper Sandler reiterated an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a research report on Monday, April 1st. Finally, TD Cowen initiated coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.89.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’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 transaction, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’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 value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 26,946 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.02, for a total value of $6,925,660.92. Following the completion of the sale, the executive vice president now directly owns 95,252 shares of the company’s stock, valued at $24,481,669.04. The disclosure for this sale can be found here. Insiders sold 108,863 shares of company stock worth $28,007,307 in the last quarter. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Up 0.0 %

Shares of CB stock traded up $0.12 during mid-day trading on Thursday, hitting $250.05. The company’s stock had a trading volume of 654,241 shares, compared to its average volume of 1,735,371. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The business has a 50-day moving average price of $252.22 and a 200 day moving average price of $236.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $101.54 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.17 and a beta of 0.63.

Chubb (NYSE:CB) last posted its quarterly 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 company’s revenue was up 14.1% on a year-over-year basis. Research analysts predict that Chubb Limited will post 21.18 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio is presently 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.