Chubb Limited (NYSE:CB) Shares Sold by American Trust

American Trust lowered its position in Chubb Limited (NYSE:CB) by 6.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,756 shares of the financial services provider’s stock after selling 555 shares during the quarter. American Trust’s holdings in Chubb were worth $2,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Pathway Financial Advisers LLC acquired a new position in Chubb during the 1st quarter worth $25,000. Beacon Capital Management LLC lifted its holdings in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC bought a new position in Chubb in the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb during the 2nd quarter valued at about $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in Chubb during the 4th quarter valued at about $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 1.3 %

Shares of NYSE:CB opened at $292.15 on Wednesday. Chubb Limited has a 12-month low of $204.15 and a 12-month 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 firm has a market capitalization of $118.63 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66. The firm has a fifty day moving average of $279.68 and a two-hundred day moving average of $265.19.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business earned $4.92 EPS. On average, equities analysts expect that Chubb Limited will post 21.21 EPS for the current fiscal 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 issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

Insider Transactions at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s 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 owns 583,982 shares in the company, valued at approximately $167,748,829.50. 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 owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on CB. Barclays initiated coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective for the company. William Blair lowered Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Royal Bank of Canada boosted their price objective on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Finally, JMP Securities lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $274.70.

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.