Curi RMB Capital LLC Sells 11,920 Shares of Chubb Limited (NYSE:CB)

Curi RMB Capital LLC cut its holdings in shares of Chubb Limited (NYSE:CB) by 16.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,133 shares of the financial services provider’s stock after selling 11,920 shares during the period. Curi RMB Capital LLC’s holdings in Chubb were worth $17,167,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Sierra Ocean LLC bought a new position in Chubb in the fourth quarter valued at about $29,000. Crowley Wealth Management Inc. acquired a new position in Chubb during the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC acquired a new stake in Chubb in the fourth quarter valued at approximately $30,000. Human Investing LLC bought a new stake in shares of Chubb during the fourth quarter worth $36,000. Finally, Mainstream Capital Management LLC acquired a new stake in shares of Chubb during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of a number of recent research reports. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a research note on Wednesday, March 5th. Piper Sandler upped their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Barclays dropped their price target on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $307.21.

Chubb Price Performance

Shares of NYSE:CB opened at $285.29 on Friday. The company’s fifty day moving average price is $284.62 and its 200-day moving average price is $281.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a market capitalization of $114.31 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.47. Chubb Limited has a one year low of $238.85 and a one year high of $306.91.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s payout ratio is presently 16.02%.

Insiders Place Their Bets

In related news, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at $5,820,978.04. This trade represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 over the last three months. Insiders own 0.86% of the company’s stock.

About Chubb

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.