Chubb Limited (NYSE:CB) Shares Sold by Manchester Capital Management LLC

Manchester Capital Management LLC lowered its position in Chubb Limited (NYSE:CBFree Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,658 shares of the financial services provider’s stock after selling 156 shares during the quarter. Manchester Capital Management LLC’s holdings in Chubb were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CB. ZRC Wealth Management LLC acquired a new stake in Chubb during the 4th quarter worth approximately $29,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb during the fourth quarter worth $32,000. Northwest Financial Advisors purchased a new position in Chubb in the 4th quarter valued at $33,000. Naples Money Management LLC acquired a new position in Chubb in the 4th quarter valued at $34,000. Finally, EdgeRock Capital LLC purchased a new position in Chubb during the 4th quarter worth $35,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now directly owns 284,136 shares in the company, valued at $71,596,589.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the transaction, the chief accounting officer now owns 7,718 shares in the company, valued at $2,036,085.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,099 shares of company stock worth $37,156,142. 0.86% of the stock is owned by corporate insiders.

Chubb Price Performance

Shares of NYSE CB traded up $9.40 on Friday, hitting $274.28. The company’s stock had a trading volume of 4,303,251 shares, compared to its average volume of 1,722,022. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a 50 day moving average of $253.02 and a 200-day moving average of $240.13. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $275.41. The company has a market capitalization of $111.37 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.25 and a beta of 0.63.

Chubb (NYSE:CBGet Free Report) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. Chubb’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.41 EPS. As a group, research analysts predict that Chubb Limited will post 21.21 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CB. Royal Bank of Canada lowered their target price on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Piper Sandler reissued an “overweight” rating and set a $282.00 target price on shares of Chubb in a research note on Monday, April 1st. Evercore ISI raised their price target on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods dropped their price objective on Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. Finally, BMO Capital Markets raised their target price on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and a consensus target price of $266.74.

Read Our Latest Report on CB

About Chubb

(Free Report)

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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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