Creative Financial Designs Inc. ADV Sells 126 Shares of Chubb Limited (NYSE:CB)

Creative Financial Designs Inc. ADV reduced its stake in shares of Chubb Limited (NYSE:CB) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,939 shares of the financial services provider’s stock after selling 126 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Chubb were worth $1,365,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. SlateStone Wealth LLC increased its stake in Chubb by 5.4% during the fourth quarter. SlateStone Wealth LLC now owns 44,600 shares of the financial services provider’s stock worth $12,323,000 after acquiring an additional 2,274 shares during the last quarter. First National Advisers LLC increased its stake in Chubb by 2.1% during the fourth quarter. First National Advisers LLC now owns 12,721 shares of the financial services provider’s stock worth $3,515,000 after acquiring an additional 264 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Chubb by 14.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 21,200 shares of the financial services provider’s stock valued at $5,858,000 after buying an additional 2,714 shares during the last quarter. Choate Investment Advisors grew its stake in shares of Chubb by 13.0% during the fourth quarter. Choate Investment Advisors now owns 3,803 shares of the financial services provider’s stock valued at $1,051,000 after buying an additional 438 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Chubb by 3.0% during the fourth quarter. Natixis Advisors LLC now owns 613,047 shares of the financial services provider’s stock valued at $169,385,000 after buying an additional 17,729 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CB shares. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods upped their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $301.00.

Chubb Stock Performance

Shares of CB opened at $297.81 on Tuesday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The stock has a fifty day moving average price of $274.21 and a 200-day moving average price of $280.97. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $119.25 billion, a PE ratio of 13.11, a P/E/G ratio of 3.36 and a beta of 0.66.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

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.