Chubb Ltd (NYSE:CB) Position Cut by Sawtooth Solutions LLC

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Sawtooth Solutions LLC trimmed its stake in Chubb Ltd (NYSE:CB) by 4.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,709 shares of the financial services provider’s stock after selling 71 shares during the quarter. Sawtooth Solutions LLC’s holdings in Chubb were worth $239,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CB. Claybrook Capital LLC acquired a new stake in Chubb in the fourth quarter valued at $25,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of Chubb by 114.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 117 shares during the period. Executive Wealth Management LLC acquired a new stake in shares of Chubb during the fourth quarter worth $29,000. Sageworth Trust Co acquired a new stake in shares of Chubb during the first quarter worth $29,000. Finally, Portfolio Solutions LLC acquired a new stake in shares of Chubb during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 89.04% of the company’s stock.

Several research firms have recently commented on CB. ValuEngine upgraded shares of Chubb from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research report on Wednesday, May 22nd. UBS Group lowered shares of Chubb from a “buy” rating to a “neutral” rating and increased their target price for the company from $146.00 to $154.00 in a research report on Thursday, May 23rd. Barclays increased their target price on shares of Chubb from $160.00 to $167.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Finally, Compass Point downgraded shares of Chubb from a “buy” rating to a “neutral” rating and cut their price target for the company from $165.00 to $156.00 in a report on Wednesday, May 29th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $150.10.

In other news, EVP Timothy Alan Boroughs sold 25,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $148.64, for a total value of $3,716,000.00. Following the completion of the sale, the executive vice president now directly owns 171,315 shares in the company, valued at $25,464,261.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Paul Bennett Medini sold 2,750 shares of Chubb stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $145.52, for a total value of $400,180.00. Following the completion of the sale, the chief accounting officer now owns 91,659 shares of the company’s stock, valued at $13,338,217.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,498 shares of company stock valued at $18,084,573. Company insiders own 0.47% of the company’s stock.

NYSE:CB traded up $0.77 during mid-day trading on Wednesday, reaching $149.38. The stock had a trading volume of 14,517 shares, compared to its average volume of 1,482,401. Chubb Ltd has a fifty-two week low of $119.54 and a fifty-two week high of $150.32. The company has a market capitalization of $68.25 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 EPS for the quarter, beating the consensus estimate of $2.49 by $0.05. The company had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.55 billion. Chubb had a return on equity of 8.76% and a net margin of 11.55%. During the same quarter last year, the company posted $2.34 earnings per share. As a group, sell-side analysts forecast that Chubb Ltd will post 10.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 21st will be given a $0.75 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, June 20th. Chubb’s dividend payout ratio (DPR) is 30.93%.

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About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

Further Reading: Beta

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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