Chubb Ltd (CB) Shares Sold by Dividend Assets Capital LLC

Dividend Assets Capital LLC lowered its position in shares of Chubb Ltd (NYSE:CB) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,437 shares of the financial services provider’s stock after selling 782 shares during the quarter. Dividend Assets Capital LLC’s holdings in Chubb were worth $5,671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its position in Chubb by 3.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 13,848,022 shares of the financial services provider’s stock valued at $1,758,976,000 after acquiring an additional 488,028 shares during the last quarter. Bank of America Corp DE boosted its position in Chubb by 1.8% during the second quarter. Bank of America Corp DE now owns 10,153,074 shares of the financial services provider’s stock valued at $1,289,643,000 after acquiring an additional 175,841 shares during the last quarter. WCM Investment Management CA boosted its position in Chubb by 3.9% during the third quarter. WCM Investment Management CA now owns 6,706,938 shares of the financial services provider’s stock valued at $896,315,000 after acquiring an additional 251,602 shares during the last quarter. American Century Companies Inc. boosted its position in Chubb by 12.3% during the second quarter. American Century Companies Inc. now owns 4,610,946 shares of the financial services provider’s stock valued at $585,682,000 after acquiring an additional 504,768 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in Chubb by 0.6% during the second quarter. Bessemer Group Inc. now owns 1,850,787 shares of the financial services provider’s stock valued at $235,088,000 after acquiring an additional 11,604 shares during the last quarter. 85.89% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Timothy Alan Boroughs sold 14,971 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $139.37, for a total value of $2,086,508.27. Following the transaction, the insider now owns 202,794 shares of the company’s stock, valued at approximately $28,263,399.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 227,994 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the completion of the transaction, the chief executive officer now directly owns 1,583,326 shares in the company, valued at approximately $222,124,804.54. The disclosure for this sale can be found here. Insiders have sold a total of 242,967 shares of company stock worth $34,072,088 in the last three months. Insiders own 0.44% of the company’s stock.

A number of analysts have commented on CB shares. Citigroup upped their price target on shares of Chubb from $151.00 to $157.00 and gave the company a “buy” rating in a research report on Monday, July 30th. Wells Fargo & Co reaffirmed a “buy” rating and set a $169.00 price target on shares of Chubb in a research report on Tuesday, July 24th. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine raised shares of Chubb from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Credit Suisse Group started coverage on shares of Chubb in a research report on Tuesday, August 7th. They set a “neutral” rating and a $150.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Chubb currently has a consensus rating of “Hold” and a consensus price target of $158.56.

CB stock opened at $131.69 on Thursday. The stock has a market cap of $60.08 billion, a PE ratio of 12.30, a P/E/G ratio of 1.31 and a beta of 1.02. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. Chubb Ltd has a 1 year low of $120.50 and a 1 year high of $157.50.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.39 by $0.02. The company had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.63 billion. Chubb had a net margin of 15.37% and a return on equity of 9.71%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) EPS. As a group, sell-side analysts expect that Chubb Ltd will post 9.97 EPS for the current fiscal year.

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Chubb Profile

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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