Boston Partners Reduces Holdings in Chubb Limited $CB

Boston Partners decreased its holdings in shares of Chubb Limited (NYSE:CB) by 7.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,601,049 shares of the financial services provider’s stock after selling 123,066 shares during the quarter. Boston Partners owned about 0.40% of Chubb worth $462,924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CB. Brighton Jones LLC boosted its holdings in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $205,000. AE Wealth Management LLC raised its position in shares of Chubb by 2.7% during the 1st quarter. AE Wealth Management LLC now owns 3,012 shares of the financial services provider’s stock valued at $909,000 after buying an additional 79 shares during the period. LPL Financial LLC lifted its holdings in Chubb by 15.9% in the first quarter. LPL Financial LLC now owns 434,630 shares of the financial services provider’s stock valued at $131,254,000 after acquiring an additional 59,525 shares during the last quarter. Finally, Prosperity Consulting Group LLC lifted its holdings in Chubb by 12.2% in the first quarter. Prosperity Consulting Group LLC now owns 1,173 shares of the financial services provider’s stock valued at $354,000 after acquiring an additional 128 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CB shares. Wolfe Research upped their price target on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. BMO Capital Markets reaffirmed a “market perform” rating and set a $283.00 target price on shares of Chubb in a research note on Thursday, October 23rd. HSBC lifted their price target on shares of Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. Finally, Barclays upped their price objective on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $308.11.

Chubb Trading Up 0.7%

NYSE:CB opened at $297.75 on Wednesday. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The firm has a market cap of $117.18 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $283.11 and a 200 day moving average price of $281.32.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.72 earnings per share. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, December 12th. Chubb’s dividend payout ratio is currently 16.19%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the sale, the insider owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,903 shares of company stock valued at $13,245,483 in the last 90 days. 0.77% of the stock is currently 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.