Chubb Limited $CB Shares Sold by Tritonpoint Wealth LLC
by Scott Moore · The Cerbat GemTritonpoint Wealth LLC decreased its stake in Chubb Limited (NYSE:CB – Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,831 shares of the financial services provider’s stock after selling 3,272 shares during the quarter. Chubb makes up 1.0% of Tritonpoint Wealth LLC’s holdings, making the stock its 28th largest position. Tritonpoint Wealth LLC’s holdings in Chubb were worth $9,653,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Chubb during the fourth quarter worth $205,000. Woodline Partners LP boosted its holdings in Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after buying an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC grew its position in Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after buying an additional 175 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Chubb during the second quarter valued at $728,000. 83.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on CB shares. BMO Capital Markets upped their price objective on shares of Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 10th. Bank of America dropped their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research report on Friday, January 16th. Jefferies Financial Group upped their price target on Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. UBS Group reiterated a “neutral” rating and set a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Finally, Wolfe Research raised their price objective on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chubb has an average rating of “Hold” and an average target price of $342.14.
View Our Latest Stock Report on Chubb
Chubb Trading Up 0.1%
CB stock opened at $328.55 on Friday. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The business’s 50-day moving average is $326.08 and its 200 day moving average is $304.54. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $128.21 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.75 and a beta of 0.49.
Chubb (NYSE:CB – Get Free Report) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.02 earnings per share. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.
Chubb Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s dividend payout ratio is currently 15.08%.
Insider Buying and Selling at Chubb
In other Chubb news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares in the company, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 44,877 shares of company stock worth $14,885,226. Corporate insiders own 0.77% of the company’s stock.
Chubb Profile
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.