Barrow Hanley Mewhinney & Strauss LLC Sells 15,534 Shares of Chubb Limited $CB

Barrow Hanley Mewhinney & Strauss LLC reduced its position in Chubb Limited (NYSE:CB) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,041 shares of the financial services provider’s stock after selling 15,534 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.11% of Chubb worth $127,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CB. Norges Bank acquired a new position in shares of Chubb during the second quarter valued at about $1,195,137,000. Bank of America Corp DE lifted its position in Chubb by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after acquiring an additional 513,852 shares in the last quarter. London Co. of Virginia boosted its stake in Chubb by 211.0% during the 2nd quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after purchasing an additional 500,116 shares during the last quarter. Altrinsic Global Advisors LLC boosted its stake in Chubb by 46.9% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock valued at $403,535,000 after purchasing an additional 444,557 shares during the last quarter. Finally, Troy Asset Management Ltd increased its holdings in Chubb by 89.1% during the 2nd quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock worth $229,872,000 after purchasing an additional 373,872 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Activity

In related news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.3%

Chubb stock opened at $325.32 on Wednesday. The firm has a 50 day simple moving average of $318.61 and a 200 day simple moving average of $298.62. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The firm has a market capitalization of $126.93 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 2.03 and a beta of 0.46.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.02 EPS. On average, analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CB. The Goldman Sachs Group reissued a “buy” rating and issued a $366.00 price target on shares of Chubb in a research report on Thursday, February 5th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Bank of America lowered their target price on shares of Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a report on Friday, January 16th. Evercore raised their price target on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Cantor Fitzgerald upped their price objective on shares of Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chubb has an average rating of “Hold” and a consensus target price of $340.81.

About Chubb

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.