Curi RMB Capital LLC Trims Position in Chubb Limited (NYSE:CB)

Curi RMB Capital LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 16.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,133 shares of the financial services provider’s stock after selling 11,920 shares during the quarter. Curi RMB Capital LLC’s holdings in Chubb were worth $17,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barclays PLC grew its stake in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after buying an additional 388,746 shares during the period. Invst LLC increased its position in Chubb by 6.0% in the 3rd quarter. Invst LLC now owns 915 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 52 shares during the period. Boyar Asset Management Inc. increased its stake in Chubb by 3.8% in the 3rd quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider’s stock valued at $804,000 after buying an additional 102 shares during the period. World Investment Advisors LLC lifted its position in Chubb by 895.5% in the third quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider’s stock valued at $9,281,000 after purchasing an additional 28,950 shares during the period. Finally, Sfmg LLC boosted its position in shares of Chubb by 2.4% during the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider’s stock worth $485,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at $5,820,978.04. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 over the last ninety days. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CB shares. UBS Group lifted their price target on Chubb from $298.00 to $303.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Barclays decreased their price objective on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Finally, Piper Sandler boosted their price target on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $307.21.

Chubb Stock Up 0.1 %

Shares of CB stock opened at $285.29 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a market cap of $114.31 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The business’s fifty day moving average is $284.62 and its 200-day moving average is $281.20. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping 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%. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

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.