Yousif Capital Management LLC Cuts Stake in Chubb Limited $CB

Yousif Capital Management LLC lessened its stake in shares of Chubb Limited (NYSE:CB) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,079 shares of the financial services provider’s stock after selling 2,745 shares during the period. Yousif Capital Management LLC’s holdings in Chubb were worth $22,038,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CB. 1248 Management LLC acquired a new position in shares of Chubb during the first quarter valued at approximately $31,000. VSM Wealth Advisory LLC purchased a new stake in shares of Chubb during the second quarter worth approximately $32,000. WPG Advisers LLC purchased a new stake in shares of Chubb during the first quarter worth approximately $33,000. Heartwood Wealth Advisors LLC acquired a new position in Chubb in the 3rd quarter valued at $34,000. Finally, Maseco LLP purchased a new position in Chubb in the 2nd quarter valued at $35,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. UBS Group upped their price objective on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Wells Fargo & Company increased their price objective on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. JMP Securities restated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, October 22nd. Finally, Mizuho initiated coverage on Chubb in a research report on Monday, December 15th. They issued a “neutral” rating and a $318.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $311.90.

Chubb Stock Performance

NYSE:CB opened at $310.93 on Tuesday. The company’s 50-day moving average is $291.40 and its two-hundred day moving average is $282.83. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $313.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $122.37 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 3.55 and a beta of 0.51.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the previous year, the company earned $5.72 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio is 16.19%.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the transaction, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the sale, the executive vice president owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. This represents a 45.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 57,333 shares of company stock worth $16,629,873. 0.86% of the stock is currently owned by company insiders.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.