Xponance Inc. Has $11.95 Million Stock Holdings in Chubb Limited (NYSE:CB)

Xponance Inc. cut its holdings in Chubb Limited (NYSE:CB) by 6.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 52,861 shares of the financial services provider’s stock after selling 3,872 shares during the quarter. Xponance Inc.’s holdings in Chubb were worth $11,947,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new stake in Chubb in the fourth quarter valued at approximately $25,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Chubb in the third quarter worth $28,000. IMA Wealth Inc. lifted its stake in shares of Chubb by 275.7% in the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after buying an additional 102 shares during the last quarter. ZRC Wealth Management LLC acquired a new stake in shares of Chubb in the fourth quarter worth $29,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb in the fourth quarter worth $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of CB traded up $2.34 during trading hours on Friday, hitting $247.73. The stock had a trading volume of 135,260 shares, compared to its average volume of 1,696,538. The company’s fifty day moving average is $252.45 and its two-hundred day moving average is $233.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The stock has a market capitalization of $100.58 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.15 and a beta of 0.62.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. On average, analysts anticipate that Chubb Limited will post 21.13 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.39%. Chubb’s dividend payout ratio (DPR) is 15.76%.

Insider Buying and Selling

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares in the company, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 in the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada boosted their price objective on shares of Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Raymond James upped their target price on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Roth Mkm upped their target price on shares of Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Citigroup reiterated a “neutral” rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $266.37.

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.