Fosun International Ltd Sells 1,380 Shares of Chubb Limited (NYSE:CB)

Fosun International Ltd lessened its holdings in Chubb Limited (NYSE:CB) by 40.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,000 shares of the financial services provider’s stock after selling 1,380 shares during the period. Fosun International Ltd’s holdings in Chubb were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Americana Partners LLC bought a new stake in Chubb during the 3rd quarter worth approximately $292,000. Lazard Asset Management LLC raised its stake in Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after acquiring an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd raised its position in shares of Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after buying an additional 324,019 shares during the last quarter. Graypoint LLC raised its position in shares of Chubb by 1,275.7% during the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after buying an additional 29,302 shares during the last quarter. Finally, BKM Wealth Management LLC bought a new stake in shares of Chubb during the fourth quarter valued at approximately $1,403,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Joseph F. Wayland sold 26,946 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the completion of the transaction, the executive vice president now owns 95,252 shares of the company’s stock, valued at approximately $24,481,669.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,863 shares of company stock valued at $28,007,307. 0.86% of the stock is owned by company insiders.

Chubb Stock Up 0.3 %

Shares of CB traded up $0.73 during mid-day trading on Thursday, hitting $252.36. 82,167 shares of the company traded hands, compared to its average volume of 1,703,938. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The business has a 50 day moving average of $251.85 and a 200 day moving average of $237.76. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $102.47 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $4.41 EPS. Equities research analysts anticipate that Chubb Limited will post 21.18 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.36%. Chubb’s dividend payout ratio is presently 15.27%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CB. Wells Fargo & Company lifted their price objective on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Evercore ISI lifted their price objective on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Royal Bank of Canada reduced their price objective on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Morgan Stanley raised their target price on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, JMP Securities reissued a “market outperform” rating and issued a $280.00 target price on shares of Chubb in a report on Monday, April 15th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $266.74.

About Chubb

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.