HM Payson & Co. Sells 109 Shares of Chubb Limited (NYSE:CB)

HM Payson & Co. decreased its position in Chubb Limited (NYSE:CB) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,444 shares of the financial services provider’s stock after selling 109 shares during the quarter. HM Payson & Co.’s holdings in Chubb were worth $2,333,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC raised its stake 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 buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb during the third quarter worth about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the third quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb during the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb during the third quarter worth about $30,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is owned by company insiders.

Chubb Trading Up 0.1 %

Shares of NYSE CB opened at $286.52 on Friday. 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 business has a fifty day simple moving average of $272.01 and a two-hundred day simple moving average of $280.30. The firm has a market cap of $114.73 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping 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%. Analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Wall Street Analysts Forecast Growth

CB has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a report on Wednesday. Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Barclays dropped their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $299.27.

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.