Chubb Limited (NYSE:CB) Stock Position Cut by Oldfield Partners LLP

Oldfield Partners LLP cut its holdings in shares of Chubb Limited (NYSE:CB) by 21.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 373,700 shares of the financial services provider’s stock after selling 103,800 shares during the quarter. Chubb makes up approximately 18.0% of Oldfield Partners LLP’s holdings, making the stock its largest holding. Oldfield Partners LLP’s holdings in Chubb were worth $95,323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Beacon Capital Management LLC increased its holdings in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in Chubb during the 1st quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new position in Chubb during the 2nd quarter valued at approximately $26,000. Wellington Shields Capital Management LLC acquired a new position in Chubb during the 1st quarter valued at approximately $29,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in Chubb during the 4th quarter valued at approximately $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. The disclosure for this sale can be found here. Insiders sold a total of 94,836 shares of company stock valued at $27,055,900 over the last three months. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Bank of America boosted their price objective on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. Finally, Morgan Stanley reduced their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $274.70.

Chubb Trading Up 0.1 %

CB stock opened at $288.87 on Monday. The business has a fifty day moving average price of $272.40 and a 200 day moving average price of $262.03. Chubb Limited has a fifty-two week low of $204.15 and a fifty-two week high of $294.18. The stock has a market capitalization of $116.68 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 5.59 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.92 earnings per share. Analysts expect that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

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.