Sawyer & Company Inc lessened its stake in shares of Chubb Ltd (NYSE:CB) by 17.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 479 shares of the financial services provider’s stock after selling 100 shares during the period. Sawyer & Company Inc’s holdings in Chubb were worth $77,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in CB. Vigilant Capital Management LLC raised its holdings in Chubb by 0.6% during the third quarter. Vigilant Capital Management LLC now owns 95,905 shares of the financial services provider’s stock worth $15,483,000 after buying an additional 564 shares during the last quarter. Advisor Partners LLC raised its holdings in Chubb by 8.8% during the third quarter. Advisor Partners LLC now owns 14,576 shares of the financial services provider’s stock worth $2,353,000 after buying an additional 1,182 shares during the last quarter. Osborn Williams & Donohoe LLC raised its holdings in Chubb by 4.3% during the third quarter. Osborn Williams & Donohoe LLC now owns 11,800 shares of the financial services provider’s stock worth $1,905,000 after buying an additional 490 shares during the last quarter. Signaturefd LLC raised its holdings in Chubb by 22.4% during the third quarter. Signaturefd LLC now owns 5,025 shares of the financial services provider’s stock worth $811,000 after buying an additional 919 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Chubb by 13.6% during the third quarter. CIBC Private Wealth Group LLC now owns 107,277 shares of the financial services provider’s stock worth $17,318,000 after buying an additional 12,866 shares during the last quarter. Institutional investors own 89.50% of the company’s stock.
Several research analysts have weighed in on CB shares. JMP Securities restated an “outperform” rating on shares of Chubb in a report on Thursday, July 25th. Evercore ISI started coverage on shares of Chubb in a report on Thursday. They set an “in-line” rating and a $149.00 price objective on the stock. ValuEngine downgraded shares of Chubb from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group upped their price objective on shares of Chubb from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Wells Fargo & Co upped their price objective on shares of Chubb from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $154.75.
Shares of CB stock traded down $0.78 on Thursday, hitting $153.87. The stock had a trading volume of 460,926 shares, compared to its average volume of 1,521,663. The business has a 50 day moving average of $158.40 and a 200 day moving average of $150.09. The stock has a market cap of $70.84 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.49 and a beta of 0.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.32 and a quick ratio of 0.32. Chubb Ltd has a 12-month low of $119.54 and a 12-month high of $162.44.
Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The company had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.65 billion. Chubb had a net margin of 11.00% and a return on equity of 8.53%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.68 earnings per share. As a group, research analysts expect that Chubb Ltd will post 10.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were issued a $0.75 dividend. The ex-dividend date was Thursday, September 19th. This represents a $3.00 annualized dividend and a dividend yield of 1.95%. Chubb’s dividend payout ratio is currently 31.78%.
In other news, insider Paul Bennett Medini sold 2,125 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $153.72, for a total value of $326,655.00. Following the completion of the sale, the insider now owns 89,534 shares in the company, valued at $13,763,166.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul J. Krump sold 5,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $155.00, for a total transaction of $775,000.00. Following the completion of the sale, the insider now owns 118,865 shares of the company’s stock, valued at approximately $18,424,075. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,625 shares of company stock valued at $4,037,880. 0.47% of the stock is currently owned by corporate insiders.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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