Chubb Limited $CB Stock Position Decreased by American Century Companies Inc.

American Century Companies Inc. trimmed its stake in shares of Chubb Limited (NYSE:CB) by 8.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,877 shares of the financial services provider’s stock after selling 7,106 shares during the quarter. American Century Companies Inc.’s holdings in Chubb were worth $22,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CB. Westbourne Investment Advisors Inc. increased its stake in Chubb by 12.3% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock valued at $6,275,000 after buying an additional 2,427 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Chubb by 166.3% in the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $1,046,000 after acquiring an additional 2,315 shares during the period. Caprock Group LLC bought a new position in shares of Chubb in the third quarter valued at approximately $3,123,000. Liberty One Investment Management LLC acquired a new position in shares of Chubb during the third quarter valued at approximately $51,167,000. Finally, Cooke & Bieler LP increased its stake in shares of Chubb by 21.3% during the third quarter. Cooke & Bieler LP now owns 606,011 shares of the financial services provider’s stock valued at $171,047,000 after acquiring an additional 106,237 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

Shares of CB stock opened at $323.95 on Tuesday. The company has a market capitalization of $126.39 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 2.06 and a beta of 0.46. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $318.39 and its 200-day simple moving average is $298.28.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the prior year, the business earned $6.02 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, sell-side analysts predict 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 will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is 15.08%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CB. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. Barclays upped their price objective on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a report on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $366.00 target price on shares of Chubb in a research note on Thursday, February 5th. Evercore lifted their target price on Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, HSBC upped their price target on shares of Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $340.81.

Insider Buying and Selling at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. This trade represents a 70.20% decrease in their position. The SEC filing for this sale provides additional information. 0.86% of the stock is currently owned by company insiders.

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.