Mercer Global Advisors Inc. ADV Cuts Stake in Chubb Limited (NYSE:CB)

Mercer Global Advisors Inc. ADV cut its stake in Chubb Limited (NYSE:CB) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,110 shares of the financial services provider’s stock after selling 909 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Chubb were worth $13,018,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CB. Financial & Tax Architects LLC grew its stake in shares of Chubb by 25.9% during the 2nd quarter. Financial & Tax Architects LLC now owns 1,848 shares of the financial services provider’s stock valued at $471,000 after buying an additional 380 shares during the period. Abbot Financial Management Inc. grew its position in Chubb by 3.1% during the second quarter. Abbot Financial Management Inc. now owns 3,342 shares of the financial services provider’s stock valued at $852,000 after acquiring an additional 101 shares during the period. Connors Investor Services Inc. increased its stake in Chubb by 1.1% during the second quarter. Connors Investor Services Inc. now owns 66,863 shares of the financial services provider’s stock worth $17,055,000 after acquiring an additional 705 shares during the last quarter. Virtu Financial LLC increased its stake in Chubb by 799.4% during the second quarter. Virtu Financial LLC now owns 13,752 shares of the financial services provider’s stock worth $3,508,000 after acquiring an additional 12,223 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. raised its holdings in shares of Chubb by 1.4% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 3,300 shares of the financial services provider’s stock worth $842,000 after purchasing an additional 45 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CB. Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. Bank of America increased their price objective on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. JMP Securities lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Finally, Roth Mkm raised their price objective on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One 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 issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $274.70.

Chubb Trading Up 0.5 %

NYSE:CB opened at $290.58 on Friday. Chubb Limited has a 52 week low of $204.15 and a 52 week high of $294.18. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a market cap of $117.99 billion, a PE ratio of 12.90, a P/E/G ratio of 5.59 and a beta of 0.66. The business’s 50 day moving average is $275.22 and its two-hundred day moving average is $262.97.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The firm had revenue of $13.36 billion during 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 firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.92 earnings per share. On average, 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. Investors of record on Friday, September 13th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.25%. Chubb’s dividend payout ratio (DPR) is 16.16%.

Insiders Place Their Bets

In other news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb 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 completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last quarter. Insiders own 0.86% of the company’s stock.

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.