Prime Capital Investment Advisors LLC Sells 950 Shares of Chubb Limited $CB

Prime Capital Investment Advisors LLC lessened its position in Chubb Limited (NYSE:CB) by 11.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,163 shares of the financial services provider’s stock after selling 950 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Chubb were worth $2,075,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CB. Modern Wealth Management LLC boosted its holdings in shares of Chubb by 6.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after buying an additional 143 shares during the period. Jump Financial LLC boosted its holdings in shares of Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after buying an additional 7,065 shares during the period. Legato Capital Management LLC boosted its holdings in shares of Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock worth $3,080,000 after buying an additional 5,582 shares during the period. Davis Rea LTD. bought a new stake in shares of Chubb during the 1st quarter worth about $5,117,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Chubb by 3.3% during the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider’s stock worth $13,070,000 after buying an additional 1,375 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of several research analyst reports. Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Morgan Stanley cut their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a report on Wednesday, August 13th. Wells Fargo & Company cut their price objective on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating for the company in a report on Thursday, July 24th. Finally, HSBC downgraded shares of Chubb from a “buy” rating to a “hold” rating and cut their price objective for the company from $317.00 to $300.00 in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Chubb has an average rating of “Hold” and a consensus price target of $303.72.

Insider Transactions at Chubb

In related news, Director Michael Corbat acquired 425 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of NYSE:CB opened at $289.24 on Wednesday. The firm has a 50 day moving average of $275.58 and a 200-day moving average of $282.08. The stock has a market capitalization of $115.32 billion, a PE ratio of 12.76, a PEG ratio of 3.23 and a beta of 0.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $5.38 EPS. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a $0.97 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. Chubb’s payout ratio is presently 17.12%.

Chubb 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.