Chubb Limited (NYSE:CB) Stock Holdings Decreased by Oakview Capital Management L.P.

Oakview Capital Management L.P. lowered its position in Chubb Limited (NYSE:CB) by 59.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,286 shares of the financial services provider’s stock after selling 13,680 shares during the period. Chubb comprises approximately 7.5% of Oakview Capital Management L.P.’s holdings, making the stock its 6th largest position. Oakview Capital Management L.P.’s holdings in Chubb were worth $2,369,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CB. Pathway Financial Advisers LLC purchased a new position in shares of Chubb in the first quarter worth $25,000. Beacon Capital Management LLC increased its holdings in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Chilton Capital Management LLC bought a new stake in Chubb in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb during the 2nd quarter worth approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of Chubb during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $289.62 on Friday. The firm has a market cap of $117.60 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 5.74 and a beta of 0.66. Chubb Limited has a 52-week low of $204.15 and a 52-week high of $294.18. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $278.57 and its 200 day moving average is $264.64.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same period in the previous year, the company posted $4.92 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock valued at $24,874,208 in the last 90 days. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CB shares. Bank of America boosted their price target on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Barclays began coverage on Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. Keefe, Bruyette & Woods boosted their price objective on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Roth Mkm raised their price objective on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $274.70.

Chubb Company Profile

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.