Barrow Hanley Mewhinney & Strauss LLC Reduces Position in Chubb Limited (NYSE:CB)

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in Chubb Limited (NYSE:CB) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 515,622 shares of the financial services provider’s stock after selling 7,346 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.13% of Chubb worth $131,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Gryphon Financial Partners LLC purchased a new position in shares of Chubb in the 4th quarter worth about $597,000. Franklin Resources Inc. increased its stake in shares of Chubb by 0.7% in the fourth quarter. Franklin Resources Inc. now owns 271,463 shares of the financial services provider’s stock worth $61,351,000 after purchasing an additional 1,795 shares in the last quarter. FineMark National Bank & Trust boosted its holdings in Chubb by 6.5% in the 4th quarter. FineMark National Bank & Trust now owns 2,657 shares of the financial services provider’s stock worth $600,000 after buying an additional 162 shares during the period. SageView Advisory Group LLC purchased a new stake in Chubb in the 4th quarter worth $455,000. Finally, Team Hewins LLC bought a new stake in Chubb during the fourth quarter valued at about $307,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CB. Bank of America upped their price objective on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price target on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Roth Mkm lifted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada raised their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $274.70.

Chubb Trading Up 0.0 %

Shares of NYSE CB opened at $290.66 on Friday. Chubb Limited has a 1-year low of $204.15 and a 1-year high of $294.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50 day moving average is $275.87 and its two-hundred day moving average is $263.36. The stock has a market capitalization of $118.03 billion, a P/E ratio of 12.90, a PEG ratio of 5.59 and a beta of 0.66.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

Insider Transactions at Chubb

In related 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 transaction of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction 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 disclosure for this sale can be found here. In the last quarter, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is currently owned by insiders.

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.