Sandy Spring Bank Decreases Position in Chubb Limited (NYSE:CB)

Sandy Spring Bank lessened its position in Chubb Limited (NYSE:CB) by 13.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 379 shares of the financial services provider’s stock after selling 58 shares during the period. Sandy Spring Bank’s holdings in Chubb were worth $86,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc lifted its position in Chubb by 5.2% in the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock worth $200,000 after buying an additional 44 shares during the last quarter. Valley National Advisers Inc. boosted its stake in shares of Chubb by 0.9% during the 4th quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock worth $1,155,000 after purchasing an additional 44 shares during the period. Regent Peak Wealth Advisors LLC grew its holdings in Chubb by 3.9% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 47 shares during the last quarter. Innovis Asset Management LLC grew its holdings in Chubb by 1.7% during the 3rd quarter. Innovis Asset Management LLC now owns 2,889 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 47 shares during the last quarter. Finally, Citizens National Bank Trust Department raised its position in Chubb by 0.3% in the 3rd quarter. Citizens National Bank Trust Department now owns 16,156 shares of the financial services provider’s stock worth $3,363,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,043 shares of company stock worth $29,766,694. 0.37% of the stock is owned by insiders.

Chubb Stock Up 0.5 %

NYSE:CB opened at $245.81 on Friday. The company’s 50-day simple moving average is $252.64 and its 200-day simple moving average is $232.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The stock has a market capitalization of $99.80 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.17 and a beta of 0.62.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating 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 company had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. On average, equities analysts anticipate that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced 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. This represents a $3.44 annualized dividend and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio is currently 15.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CB shares. Royal Bank of Canada upped their target price on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. StockNews.com upgraded Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. HSBC restated a “hold” rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. 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 report on Thursday, February 1st. Finally, Roth Mkm upped their target price on shares of Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus target price of $264.58.

Chubb Company 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.