Compass Capital Management Inc. Lowers Position in Chubb Limited $CB

Compass Capital Management Inc. cut its stake in shares of Chubb Limited (NYSE:CBFree Report) by 77.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,160 shares of the financial services provider’s stock after selling 28,108 shares during the quarter. Compass Capital Management Inc.’s holdings in Chubb were worth $2,547,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CB. Brighton Jones LLC lifted its position in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Chubb in the fourth quarter valued at about $205,000. Woodline Partners LP lifted its position in shares of Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 175 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Chubb by 9.3% in the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after acquiring an additional 17,155 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays boosted their price objective on Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group lowered their price objective on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. HSBC boosted their price objective on Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. BMO Capital Markets boosted their price objective on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Finally, Wolfe Research boosted their target price on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $349.43.

View Our Latest Analysis on Chubb

Insider Activity at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

Chubb Trading Down 0.7%

Shares of NYSE CB opened at $328.14 on Friday. The business’s 50 day moving average is $324.92 and its two-hundred day moving average is $318.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The stock has a market capitalization of $127.27 billion, a P/E ratio of 11.59, a PEG ratio of 1.69 and a beta of 0.41.

Chubb (NYSE:CBGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. As a group, research analysts expect that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is presently 13.70%.

About Chubb

(Free Report)

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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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