Lowe Brockenbrough & Co. Inc. Sells 310 Shares of Chubb Limited (NYSE:CB)

Lowe Brockenbrough & Co. Inc. trimmed its position in Chubb Limited (NYSE:CB) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 24,600 shares of the financial services provider’s stock after selling 310 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Chubb were worth $6,819,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its position in Chubb by 13.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 11,510 shares of the financial services provider’s stock worth $3,180,000 after buying an additional 1,328 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its stake in shares of Chubb by 2.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 8,775 shares of the financial services provider’s stock worth $2,425,000 after acquiring an additional 200 shares during the period. OLD Point Trust & Financial Services N A increased its holdings in shares of Chubb by 7.6% during the 4th quarter. OLD Point Trust & Financial Services N A now owns 3,907 shares of the financial services provider’s stock worth $1,080,000 after acquiring an additional 275 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in Chubb in the 4th quarter valued at $261,000. Finally, Strategic Financial Services Inc. lifted its holdings in Chubb by 7.9% during the 4th quarter. Strategic Financial Services Inc. now owns 2,050 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 150 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the topic of several research reports. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company decreased their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Keefe, Bruyette & Woods upped their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $301.00.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,239 shares of company stock worth $14,956,786. Insiders own 0.86% of the company’s stock.

Chubb Stock Down 0.7 %

CB stock opened at $294.09 on Friday. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The business has a 50-day simple moving average of $275.90 and a 200 day simple moving average of $281.25. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market cap of $117.76 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio is presently 16.02%.

Chubb Company 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.