Centaurus Financial Inc. Sells 46 Shares of Chubb Limited (NYSE:CB)

Centaurus Financial Inc. decreased its holdings in shares of Chubb Limited (NYSE:CB) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 4,941 shares of the financial services provider’s stock after selling 46 shares during the quarter. Centaurus Financial Inc.’s holdings in Chubb were worth $1,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CB. Norges Bank bought a new position in shares of Chubb in the 4th quarter worth approximately $957,756,000. Bank of Nova Scotia raised its position in shares of Chubb by 198.8% in the 4th quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after acquiring an additional 518,535 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after acquiring an additional 495,860 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Chubb by 19,454.2% in the 4th quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock worth $1,096,860,000 after acquiring an additional 482,854 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Chubb in the 4th quarter worth approximately $97,207,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock traded down $2.83 on Friday, reaching $259.46. The stock had a trading volume of 1,351,637 shares, compared to its average volume of 1,558,962. The stock has a market cap of $105.36 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 6.22 and a beta of 0.66. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $275.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The company has a 50 day simple moving average of $256.17 and a 200 day simple moving average of $246.08.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the business posted $4.41 EPS. Equities research analysts expect that Chubb Limited will post 21.19 EPS for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a $0.91 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, June 14th. Chubb’s dividend payout ratio (DPR) is 15.27%.

Analyst Upgrades and Downgrades

CB has been the topic of several recent research reports. Morgan Stanley upped their price target on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Roth Mkm restated a “buy” rating and issued a $280.00 price target on shares of Chubb in a research note on Wednesday, April 24th. Bank of America upgraded Chubb from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $244.00 to $266.00 in a research note on Thursday, May 23rd. JMP Securities restated a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a research note on Monday, April 15th. Finally, Evercore ISI upped their price target on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus target price of $266.70.

Insider Transactions at Chubb

In related news, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at approximately $11,648,059.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $11,648,059.36. The disclosure for this sale can be found here. Insiders have sold a total of 88,119 shares of company stock worth $22,593,042 in the last ninety days. 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.