Chubb Limited (NYSE:CB) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its position in Chubb Limited (NYSE:CB) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,872 shares of the financial services provider’s stock after selling 10,262 shares during the quarter. Sei Investments Co.’s holdings in Chubb were worth $47,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pathway Financial Advisers LLC purchased a new stake in Chubb during the 1st quarter worth approximately $25,000. Beacon Capital Management LLC increased its position in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the period. Chilton Capital Management LLC purchased a new position in Chubb in the second quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb in the second quarter valued at $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in Chubb during the 4th quarter worth $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

NYSE:CB opened at $290.66 on Monday. 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 firm has a market cap of $118.03 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. The firm’s fifty day moving average price is $275.87 and its 200 day moving average price is $263.45. Chubb Limited has a 1-year low of $204.15 and a 1-year high of $294.18.

Chubb (NYSE:CB) last issued 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. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.92 earnings per share. On average, sell-side analysts expect that Chubb Limited will post 21.2 EPS for the current year.

Chubb Announces Dividend

The firm 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 dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis 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 16.16%.

Wall Street Analysts Forecast Growth

CB has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Roth Mkm boosted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JMP Securities increased their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Bank of America increased their target price on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $274.70.

Insider Activity

In other Chubb news, Director Michael G. Atieh sold 261 shares of the stock in a transaction on Tuesday, September 3rd. The stock was 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 owns 39,172 shares in the company, valued at $11,261,558.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Michael G. Atieh sold 261 shares of the business’s 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 sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 in the last three months. 0.86% of the stock is currently owned by company insiders.

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.