Simmons Bank Sells 320 Shares of Chubb Limited (NYSE:CB)

Simmons Bank reduced its holdings in shares of Chubb Limited (NYSE:CB) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,179 shares of the financial services provider’s stock after selling 320 shares during the quarter. Simmons Bank’s holdings in Chubb were worth $1,170,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CB. Mackenzie Financial Corp boosted its stake in Chubb by 1.2% in the 3rd quarter. Mackenzie Financial Corp now owns 74,041 shares of the financial services provider’s stock valued at $15,172,000 after purchasing an additional 906 shares during the period. AMF Tjanstepension AB boosted its stake in Chubb by 1.1% in the 3rd quarter. AMF Tjanstepension AB now owns 43,552 shares of the financial services provider’s stock valued at $9,096,000 after purchasing an additional 490 shares during the period. Waldron Private Wealth LLC boosted its stake in Chubb by 4.6% in the 3rd quarter. Waldron Private Wealth LLC now owns 2,778 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 121 shares during the period. Kanawha Capital Management LLC raised its holdings in shares of Chubb by 7.0% during the 3rd quarter. Kanawha Capital Management LLC now owns 54,391 shares of the financial services provider’s stock worth $11,323,000 after buying an additional 3,553 shares in the last quarter. Finally, NBT Bank N A NY acquired a new position in shares of Chubb during the 3rd quarter worth $1,821,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 0.0 %

Shares of Chubb stock traded down $0.10 on Tuesday, hitting $251.95. 1,212,354 shares of the company’s stock traded hands, compared to its average volume of 1,726,294. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The company has a fifty day moving average of $251.85 and a two-hundred day moving average of $237.76. The company has a market capitalization of $102.31 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same quarter in the prior year, the company earned $4.41 EPS. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, sell-side analysts expect that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 15.27%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their price target on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a report on Tuesday. BMO Capital Markets boosted their price target on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Morgan Stanley upped their target price on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. upped their target price on Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Raymond James upped their target price on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.74.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider John J. Lupica sold 34,464 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,863 shares of company stock valued at $28,007,307. 0.86% of the stock is owned by company insiders.

Chubb Company 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.