Venture Visionary Partners LLC Sells 721 Shares of Chubb Limited (NYSE:CB)

Venture Visionary Partners LLC lowered its stake in Chubb Limited (NYSE:CB) by 8.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,100 shares of the financial services provider’s stock after selling 721 shares during the quarter. Venture Visionary Partners LLC’s holdings in Chubb were worth $1,279,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Chubb by 14.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,852,906 shares of the financial services provider’s stock valued at $3,671,411,000 after acquiring an additional 3,020,693 shares in the last quarter. FMR LLC increased its stake in Chubb by 12.6% during the 4th quarter. FMR LLC now owns 7,854,972 shares of the financial services provider’s stock valued at $1,209,037,000 after purchasing an additional 876,961 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Chubb by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,746,914 shares of the financial services provider’s stock valued at $730,645,000 after purchasing an additional 452,514 shares in the last quarter. Aristotle Capital Management LLC increased its stake in Chubb by 4.1% during the 4th quarter. Aristotle Capital Management LLC now owns 4,345,736 shares of the financial services provider’s stock valued at $665,638,000 after purchasing an additional 170,628 shares in the last quarter. Finally, Norges Bank bought a new stake in Chubb during the 4th quarter valued at $493,517,000. Institutional investors own 85.79% of the company’s stock.

In other news, Vice Chairman Paul J. Krump sold 5,900 shares of the company’s stock in a transaction dated Tuesday, February 23rd. The stock was sold at an average price of $170.60, for a total transaction of $1,006,540.00. Also, insider John J. Lupica sold 4,337 shares of the company’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $175.03, for a total value of $759,105.11. Following the sale, the insider now owns 145,604 shares in the company, valued at $25,485,068.12. The disclosure for this sale can be found here. Insiders sold a total of 22,087 shares of company stock worth $3,690,300 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

A number of analysts have commented on the stock. MKM Partners boosted their price target on shares of Chubb from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, March 18th. JMP Securities boosted their price target on shares of Chubb from $175.00 to $190.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 28th. Citigroup lifted their price objective on shares of Chubb from $178.00 to $187.00 in a report on Wednesday, March 31st. Raymond James lifted their price objective on shares of Chubb from $190.00 to $200.00 and gave the stock a “strong-buy” rating in a report on Wednesday, March 17th. Finally, Royal Bank of Canada lifted their price objective on shares of Chubb from $175.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $165.78.

Shares of NYSE:CB opened at $172.01 on Tuesday. The company’s 50-day moving average is $163.41 and its 200 day moving average is $154.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market capitalization of $77.42 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 1.36 and a beta of 0.67. Chubb Limited has a fifty-two week low of $93.10 and a fifty-two week high of $179.01.

Chubb (NYSE:CB) last announced its quarterly earnings data on Monday, April 26th. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.07. Chubb had a return on equity of 5.33% and a net margin of 6.24%. The business had revenue of $8.04 billion for the quarter, compared to analysts’ expectations of $7.69 billion. During the same period in the previous year, the business posted $2.68 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, research analysts predict that Chubb Limited will post 7.02 earnings per share for the current year.

Chubb announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 3rd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 1.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 9th. Investors of record on Friday, March 19th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Thursday, March 18th. Chubb’s dividend payout ratio is currently 30.86%.

Chubb Company Profile

Chubb Limited, through its subsidiaries, 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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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