Chubb Limited (NYSE:CB) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. reduced its holdings in Chubb Limited (NYSE:CB) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,329 shares of the financial services provider’s stock after selling 2,556 shares during the period. Financial Counselors Inc.’s holdings in Chubb were worth $56,908,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CB. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb in the 1st quarter valued at $25,000. Beacon Capital Management LLC grew its position in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC acquired a new stake in Chubb during the second quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb during the second quarter valued at $28,000. Finally, Kozak & Associates Inc. acquired a new stake in Chubb during the third quarter valued at $29,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CB. JPMorgan Chase & Co. raised their price target on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Jefferies Financial Group raised their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $287.37.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,715 shares of company stock valued at $23,803,540 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

CB opened at $290.36 on Thursday. The firm has a market capitalization of $117.04 billion, a PE ratio of 11.89, a PEG ratio of 6.68 and a beta of 0.67. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05. The firm’s 50-day moving average price is $287.34 and its 200 day moving average price is $275.15. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the business posted $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Chubb Limited will post 21.77 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

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.