Chubb Limited $CB Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC trimmed its stake in Chubb Limited (NYSE:CB) by 18.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,307 shares of the financial services provider’s stock after selling 14,366 shares during the period. Boston Common Asset Management LLC’s holdings in Chubb were worth $17,586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Chubb by 0.6% during the second quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock worth $10,643,993,000 after purchasing an additional 210,053 shares during the last quarter. Geode Capital Management LLC grew its stake in Chubb by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock worth $2,541,771,000 after buying an additional 30,721 shares during the last quarter. Bank of America Corp DE grew its stake in Chubb by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after buying an additional 513,852 shares during the last quarter. Norges Bank acquired a new position in Chubb during the second quarter worth approximately $1,195,137,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Chubb by 0.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,253,607 shares of the financial services provider’s stock valued at $652,915,000 after buying an additional 18,820 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CB. JMP Securities restated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, October 22nd. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $335.00 to $355.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Morgan Stanley set a $350.00 price objective on shares of Chubb in a research note on Friday, January 16th. Citizens Jmp upped their target price on shares of Chubb from $325.00 to $350.00 and gave the company a “market outperform” rating in a report on Friday, January 16th. Finally, Evercore ISI reissued an “outperform” rating and set a $346.00 price target on shares of Chubb in a report on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $323.81.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 850 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the transaction, the executive vice president directly owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. This trade represents a 34.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John J. Lupica sold 16,375 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the sale, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. This trade represents a 18.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 57,333 shares of company stock worth $16,629,873 over the last 90 days. Company insiders own 0.77% of the company’s stock.

Chubb Stock Down 0.4%

CB opened at $299.91 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a 12 month low of $263.14 and a 12 month high of $316.94. The stock has a market capitalization of $118.03 billion, a P/E ratio of 12.52, a P/E/G ratio of 3.35 and a beta of 0.51. The business has a 50 day simple moving average of $303.73 and a 200-day simple moving average of $286.30.

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

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.