Cibc World Markets Corp Sells 13,801 Shares of Chubb Limited (NYSE:CB)

Cibc World Markets Corp decreased its position in Chubb Limited (NYSE:CB) by 18.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 59,532 shares of the financial services provider’s stock after selling 13,801 shares during the period. Cibc World Markets Corp’s holdings in Chubb were worth $16,449,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Continuum Advisory LLC lifted its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb in the 3rd quarter valued at $29,000. Raelipskie Partnership bought a new stake in Chubb during the 3rd quarter worth about $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb during the 4th quarter worth about $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 1.3 %

Shares of CB stock opened at $297.81 on Tuesday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm has a 50 day moving average price of $274.21 and a two-hundred day moving average price of $280.97. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $119.25 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.22%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on CB shares. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $301.00.

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.