Barrow Hanley Mewhinney & Strauss LLC Trims Stake in Chubb Limited (NYSE:CB)

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in Chubb Limited (NYSE:CB) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 515,622 shares of the financial services provider’s stock after selling 7,346 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Chubb were worth $131,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC bought a new position in Chubb during the 2nd quarter worth about $963,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Chubb by 16.7% during the first 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 buying an additional 10,745 shares during the period. Edgestream Partners L.P. purchased a new position in Chubb during the first quarter valued at approximately $984,000. Sierra Summit Advisors LLC bought a new position in Chubb in the fourth quarter worth approximately $844,000. Finally, Leuthold Group LLC purchased a new stake in Chubb during the first quarter worth $3,033,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CB. JMP Securities lifted their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. Morgan Stanley reduced their target price on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Barclays began coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Keefe, Bruyette & Woods boosted their price objective 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. Finally, JPMorgan Chase & Co. raised their target price 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $274.70.

Insider Transactions at Chubb

In related 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 transaction of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Chubb 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 value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 over the last 90 days. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of CB opened at $290.66 on Friday. 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 stock has a 50-day moving average of $275.87 and a two-hundred day moving average of $263.36. The stock has a market cap of $118.03 billion, a P/E ratio of 12.90, a P/E/G ratio of 5.59 and a beta of 0.66. Chubb Limited has a one year low of $204.15 and a one year high of $294.18.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $4.92 earnings per share. As a group, research analysts predict that Chubb Limited will post 21.2 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

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.