Chubb Limited $CB Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 8.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 79,308 shares of the financial services provider’s stock after selling 7,581 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chubb were worth $22,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CB. Mitchell & Pahl Private Wealth LLC lifted its position in Chubb by 0.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after acquiring an additional 35 shares during the period. Sky Investment Group LLC raised its stake in shares of Chubb by 1.6% in the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 38 shares during the last quarter. Evermay Wealth Management LLC lifted its holdings in shares of Chubb by 2.3% during the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 38 shares during the period. JT Stratford LLC lifted its holdings in shares of Chubb by 3.5% during the second quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 38 shares during the period. Finally, Jacobsen Capital Management boosted its position in Chubb by 5.3% in the second quarter. Jacobsen Capital Management now owns 773 shares of the financial services provider’s stock valued at $224,000 after buying an additional 39 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CB shares. Mizuho began coverage on shares of Chubb in a research report on Monday, December 15th. They set a “neutral” rating and a $318.00 price target for the company. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Wolfe Research boosted their target price on shares of Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Barclays increased their price target on Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Evercore ISI reissued an “outperform” rating and issued a $346.00 price objective on shares of Chubb in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $318.00.

Chubb Stock Down 2.0%

CB stock opened at $306.75 on Friday. Chubb Limited has a one year low of $252.16 and a one year high of $316.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The firm’s fifty day moving average is $301.38 and its 200 day moving average is $285.36. The firm has a market cap of $120.72 billion, a PE ratio of 12.80, a P/E/G ratio of 3.27 and a beta of 0.51.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping 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 business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same period in the prior year, the company posted $5.72 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a dividend of $0.97 per share. The ex-dividend date was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio is currently 16.19%.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 16,375 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 850 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $295.19, for a total value of $250,911.50. Following the transaction, the executive vice president owned 1,585 shares in the company, valued at $467,876.15. This trade represents a 34.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 57,333 shares of company stock valued at $16,629,873. Company insiders own 0.77% of the company’s stock.

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.