Chubb Limited $CB Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its stake in shares of Chubb Limited (NYSE:CB) by 31.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,551 shares of the financial services provider’s stock after selling 2,116 shares during the period. Valeo Financial Advisors LLC’s holdings in Chubb were worth $1,284,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CB. Norges Bank acquired a new stake in shares of Chubb during the second quarter valued at $1,195,137,000. Bank of America Corp DE lifted its holdings in Chubb by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after purchasing an additional 513,852 shares in the last quarter. London Co. of Virginia lifted its holdings in Chubb by 211.0% in the 2nd quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after purchasing an additional 500,116 shares in the last quarter. Altrinsic Global Advisors LLC boosted its stake in shares of Chubb by 46.9% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock worth $403,535,000 after purchasing an additional 444,557 shares during the last quarter. Finally, Troy Asset Management Ltd grew its holdings in shares of Chubb by 89.1% during the second quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock worth $229,872,000 after buying an additional 373,872 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of Chubb stock opened at $303.70 on Thursday. Chubb Limited has a twelve month low of $263.14 and a twelve month high of $316.94. The stock has a market capitalization of $119.52 billion, a P/E ratio of 12.68, a PEG ratio of 1.94 and a beta of 0.51. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average price is $304.38 and its 200 day moving average price is $287.09.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were issued 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 dividend yield of 1.3%. Chubb’s payout ratio is presently 16.19%.

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 16,375 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the sale, the insider owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. This represents a 18.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 850 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the transaction, the executive vice president owned 1,585 shares in the company, valued at $467,876.15. The trade was a 34.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 33,635 shares of company stock worth $9,970,735. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Mizuho set a $317.00 price objective on shares of Chubb in a research note on Wednesday, January 14th. Wells Fargo & Company increased their price target on Chubb from $293.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Bank of America lowered their price objective on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a research report on Friday, January 16th. Morgan Stanley set a $350.00 target price on Chubb in a research report on Friday, January 16th. Finally, Wolfe Research lifted their price target on Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $323.81.

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.