Cullen Investment Group LTD. Sells 9,673 Shares of Chubb Limited (NYSE:CB)

Cullen Investment Group LTD. trimmed its stake in shares of Chubb Limited (NYSE:CB) by 32.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 20,128 shares of the financial services provider’s stock after selling 9,673 shares during the quarter. Cullen Investment Group LTD.’s holdings in Chubb were worth $5,805,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. ORG Partners LLC bought a new stake in shares of Chubb during the 2nd quarter worth approximately $963,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Chubb by 16.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock valued at $19,448,000 after purchasing an additional 10,745 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Chubb in the 1st quarter valued at $984,000. Sierra Summit Advisors LLC acquired a new position in shares of Chubb during the 4th quarter worth $844,000. Finally, Leuthold Group LLC bought a new stake in shares of Chubb during the 1st quarter worth $3,033,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on 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 sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,636 shares of company stock valued at $24,874,208. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

NYSE CB traded up $2.05 on Friday, hitting $290.59. 967,956 shares of the stock traded hands, compared to its average volume of 1,631,693. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The business’s fifty day moving average is $281.24 and its two-hundred day moving average is $265.76. Chubb Limited has a 12 month low of $205.64 and a 12 month high of $294.18. The firm has a market capitalization of $118.00 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter in the prior year, the firm posted $4.92 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities analysts anticipate that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were paid a $0.91 dividend. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

CB has been the subject of several research analyst reports. Morgan Stanley lowered their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Bank of America cut Chubb from a “neutral” rating to an “underperform” rating and increased their price target for the company from $264.00 to $275.00 in a research note on Friday. Keefe, Bruyette & Woods increased their target price on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. JMP Securities boosted their price target on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $276.79.

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.