Chubb Limited (NYSE:CB) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. cut its stake in Chubb Limited (NYSE:CB) by 0.5% in the third quarter, Holdings Channel.com reports. The fund owned 9,396 shares of the financial services provider’s stock after selling 47 shares during the quarter. Wright Investors Service Inc.’s holdings in Chubb were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC grew its position in shares of Chubb by 34.4% during the third quarter. Harbor Investment Advisory LLC now owns 2,381 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 610 shares during the last quarter. Central Valley Advisors LLC grew its position in Chubb by 3.9% during the 3rd quarter. Central Valley Advisors LLC now owns 7,620 shares of the financial services provider’s stock worth $2,198,000 after purchasing an additional 283 shares during the last quarter. Goelzer Investment Management Inc. increased its stake in Chubb by 4.5% in the third quarter. Goelzer Investment Management Inc. now owns 1,214 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 52 shares during the period. Regency Capital Management Inc. DE raised its holdings in shares of Chubb by 27.4% in the third quarter. Regency Capital Management Inc. DE now owns 33,876 shares of the financial services provider’s stock valued at $9,770,000 after buying an additional 7,284 shares during the last quarter. Finally, MRA Advisory Group boosted its stake in shares of Chubb by 8.5% during the third quarter. MRA Advisory Group now owns 1,405 shares of the financial services provider’s stock worth $405,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of several analyst reports. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Roth Mkm increased their price target on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. JMP Securities raised their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $276.79.

Chubb Price Performance

Shares of Chubb stock traded up $2.05 on Friday, hitting $290.59. The company’s stock had a trading volume of 967,956 shares, compared to its average volume of 1,631,693. 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 firm has a fifty day moving average price of $281.24 and a 200-day moving average price of $265.82. Chubb Limited has a 52-week low of $205.64 and a 52-week high of $294.18. The company has a market capitalization of $118.00 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the prior year, the firm earned $4.92 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s dividend payout ratio (DPR) is 16.16%.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated 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 owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. 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 over the last quarter. Insiders own 0.86% of the company’s stock.

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.