Chubb Limited (NYSE:CB) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in shares of Chubb Limited (NYSE:CB) by 10.8% in the third quarter, HoldingsChannel reports. The firm owned 7,940 shares of the financial services provider’s stock after selling 957 shares during the quarter. Advisors Asset Management Inc.’s holdings in Chubb were worth $2,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CB. Wellington Shields & Co. LLC acquired a new position in shares of Chubb during the 1st quarter worth approximately $94,000. Waverly Advisors LLC increased its position in shares of Chubb by 237.1% during the first quarter. Waverly Advisors LLC now owns 5,232 shares of the financial services provider’s stock worth $1,356,000 after purchasing an additional 3,680 shares in the last quarter. Bayesian Capital Management LP increased its position in shares of Chubb by 8.2% during the first quarter. Bayesian Capital Management LP now owns 9,786 shares of the financial services provider’s stock worth $2,536,000 after purchasing an additional 743 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its position in shares of Chubb by 3.9% during the first quarter. Industrial Alliance Investment Management Inc. now owns 4,683 shares of the financial services provider’s stock worth $1,214,000 after purchasing an additional 174 shares in the last quarter. Finally, Dynasty Wealth Management LLC purchased a new stake in Chubb in the 1st quarter valued at $966,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley upped their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price target on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Bank of America increased their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. JMP Securities increased their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $287.37.

Insider Activity

In other news, 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 value of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were 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. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,715 shares of company stock worth $23,803,540 over the last three months. 0.86% of the stock is currently owned by corporate insiders.

Chubb Trading Up 0.0 %

Shares of CB stock opened at $285.21 on Monday. The business’s fifty day moving average price is $287.46 and its 200 day moving average price is $274.58. Chubb Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The firm has a market capitalization of $114.97 billion, a PE ratio of 11.68, a P/E/G ratio of 6.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.95 earnings per share. As a group, sell-side analysts forecast that Chubb Limited will post 21.77 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb’s dividend payout ratio is currently 14.91%.

Chubb 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.