Neville Rodie & Shaw Inc. Sells 6,031 Shares of Chubb Ltd (CB)

Neville Rodie & Shaw Inc. trimmed its position in Chubb Ltd (NYSE:CB) by 12.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 44,050 shares of the financial services provider’s stock after selling 6,031 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Chubb were worth $5,887,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its holdings in Chubb by 61.0% in the 2nd quarter. SRS Capital Advisors Inc. now owns 2,354 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 892 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in Chubb by 7.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 167,562 shares of the financial services provider’s stock valued at $21,287,000 after purchasing an additional 11,576 shares during the period. Private Advisor Group LLC boosted its holdings in Chubb by 378.2% in the 2nd quarter. Private Advisor Group LLC now owns 19,942 shares of the financial services provider’s stock valued at $2,531,000 after purchasing an additional 15,772 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Chubb by 3.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,692,468 shares of the financial services provider’s stock valued at $214,978,000 after purchasing an additional 57,238 shares during the period. Finally, Swiss National Bank boosted its holdings in Chubb by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,742,420 shares of the financial services provider’s stock valued at $221,322,000 after purchasing an additional 45,900 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CB traded down $0.19 during mid-day trading on Tuesday, reaching $135.97. 20,832 shares of the company were exchanged, compared to its average volume of 1,637,971. Chubb Ltd has a 52 week low of $123.96 and a 52 week high of $157.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $61.91 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.28 and a beta of 1.01.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.06. Chubb had a net margin of 11.53% and a return on equity of 7.41%. The company had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.30 billion. During the same period in the previous year, the firm posted $2.50 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, analysts forecast that Chubb Ltd will post 10.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 21st will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, September 20th. Chubb’s dividend payout ratio is currently 36.36%.

CB has been the subject of several analyst reports. Goldman Sachs Group downgraded shares of Chubb from a “buy” rating to a “neutral” rating and set a $167.00 price target for the company. in a report on Monday, June 18th. Zacks Investment Research downgraded shares of Chubb from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Atlantic Securities raised shares of Chubb from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 27th. Barclays cut their price target on shares of Chubb from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, July 9th. Finally, Citigroup cut their price target on shares of Chubb from $157.00 to $151.00 and set a “buy” rating for the company in a report on Thursday, July 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Chubb has an average rating of “Hold” and an average target price of $160.09.

In other news, insider Timothy Alan Boroughs sold 14,971 shares of Chubb stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the completion of the sale, the insider now directly owns 202,794 shares of the company’s stock, valued at approximately $28,263,399.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 227,994 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the completion of the sale, the chief executive officer now directly owns 1,583,326 shares of the company’s stock, valued at $222,124,804.54. The disclosure for this sale can be found here. Insiders have sold a total of 243,093 shares of company stock valued at $34,089,733 over the last ninety days. 0.44% of the stock is currently owned by insiders.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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