Glenview Trust co Lowers Holdings in Chubb Limited (NYSE:CB)

Glenview Trust co reduced its position in shares of Chubb Limited (NYSE:CB) by 16.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,054 shares of the financial services provider’s stock after selling 11,333 shares during the quarter. Glenview Trust co’s holdings in Chubb were worth $16,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CB. Continuum Advisory LLC raised its holdings 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 valued at $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership bought a new stake in shares of Chubb in the 3rd quarter valued at about $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb in the 4th quarter worth approximately $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the third quarter valued at approximately $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 2.0 %

Chubb stock opened at $294.46 on Friday. The stock has a 50-day moving average price of $273.60 and a 200 day moving average price of $280.85. The company has a market capitalization of $117.91 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

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

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This represents 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.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent research reports. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Barclays reduced their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $301.00.

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.