Yousif Capital Management LLC Sells 5,470 Shares of Chubb Limited (NYSE:CB)

Yousif Capital Management LLC lessened its holdings in Chubb Limited (NYSE:CB) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,747 shares of the financial services provider’s stock after selling 5,470 shares during the quarter. Yousif Capital Management LLC’s holdings in Chubb were worth $22,317,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. ZRC Wealth Management LLC acquired a new position in Chubb in the fourth quarter worth about $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of Chubb during the 4th quarter worth approximately $32,000. Naples Money Management LLC acquired a new stake in Chubb in the 4th quarter valued at $34,000. Bell Investment Advisors Inc grew its position in Chubb by 39.6% in the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 59 shares during the period. Finally, Fortitude Family Office LLC bought a new stake in Chubb in the fourth quarter valued at $59,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $280.00 target price on shares of Chubb in a report on Monday, April 15th. Citigroup reaffirmed a “neutral” rating and set a $275.00 price objective (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. HSBC restated a “hold” rating and set a $270.00 price target (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Finally, StockNews.com upgraded Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Stock Performance

NYSE CB traded down $1.62 on Tuesday, hitting $249.88. 1,866,531 shares of the stock were exchanged, compared to its average volume of 1,729,406. The company has a market capitalization of $101.45 billion, a PE ratio of 11.45, a P/E/G ratio of 1.17 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The business’s fifty day moving average is $252.64 and its 200 day moving average is $235.15. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The firm had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Research analysts anticipate that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio is currently 15.76%.

Insider Activity at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company’s stock.

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.