Chubb Ltd (NYSE:CB) Stake Decreased by Sit Investment Associates Inc.

Sit Investment Associates Inc. lessened its holdings in shares of Chubb Ltd (NYSE:CB) by 35.2% during the 1st quarter, HoldingsChannel reports. The firm owned 83,440 shares of the financial services provider’s stock after selling 45,410 shares during the period. Sit Investment Associates Inc.’s holdings in Chubb were worth $11,688,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CB. Claybrook Capital LLC bought a new stake in Chubb in the 4th quarter valued at approximately $25,000. Ascent Wealth Partners LLC bought a new stake in Chubb in the 1st quarter valued at approximately $28,000. Sageworth Trust Co bought a new stake in Chubb in the 1st quarter valued at approximately $29,000. Pin Oak Investment Advisors Inc. lifted its stake in Chubb by 114.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 117 shares in the last quarter. Finally, Executive Wealth Management LLC bought a new stake in Chubb in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 89.04% of the company’s stock.

Shares of NYSE:CB traded down $0.15 during trading on Thursday, hitting $148.62. 22,151 shares of the company were exchanged, compared to its average volume of 1,249,004. The firm has a market capitalization of $68.04 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 1.41 and a beta of 0.76. Chubb Ltd has a fifty-two week low of $119.54 and a fifty-two week high of $150.32. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.05. The firm had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.55 billion. Chubb had a return on equity of 8.76% and a net margin of 11.55%. During the same quarter in the previous year, the firm earned $2.34 EPS. As a group, analysts anticipate that Chubb Ltd will post 10.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 21st will be given a dividend of $0.75 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, June 20th. This represents a $3.00 annualized dividend and a dividend yield of 2.02%. Chubb’s payout ratio is 30.93%.

Several research firms have commented on CB. ValuEngine upgraded Chubb from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. Zacks Investment Research upgraded Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. UBS Group cut Chubb from a “buy” rating to a “neutral” rating and boosted their target price for the company from $146.00 to $154.00 in a research note on Thursday, May 23rd. Barclays boosted their target price on Chubb from $160.00 to $167.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Finally, Compass Point lowered Chubb from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $165.00 to $156.00 in a research report on Wednesday, May 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $150.10.

In related news, insider Paul J. Krump sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $150.00, for a total transaction of $600,000.00. Following the transaction, the insider now directly owns 123,865 shares of the company’s stock, valued at approximately $18,579,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael G. Atieh sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $141.87, for a total value of $283,740.00. The disclosure for this sale can be found here. Insiders have sold a total of 126,498 shares of company stock worth $18,684,573 in the last ninety days. Insiders own 0.47% of the company’s stock.

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About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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