Chubb Limited (NYSE:CB) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its stake in shares of Chubb Limited (NYSE:CBGet Rating) by 21.4% in the first quarter, HoldingsChannel.com reports. The fund owned 1,323 shares of the financial services provider’s stock after selling 361 shares during the period. Fisher Asset Management LLC’s holdings in Chubb were worth $283,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. CWM LLC acquired a new stake in shares of Chubb in the fourth quarter valued at about $538,000. Centaurus Financial Inc. raised its position in shares of Chubb by 16.3% in the fourth quarter. Centaurus Financial Inc. now owns 1,899 shares of the financial services provider’s stock valued at $367,000 after buying an additional 266 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Chubb by 24.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 86,565 shares of the financial services provider’s stock valued at $16,914,000 after buying an additional 17,156 shares during the last quarter. Clarius Group LLC raised its position in shares of Chubb by 4.3% in the fourth quarter. Clarius Group LLC now owns 3,087 shares of the financial services provider’s stock valued at $597,000 after buying an additional 128 shares during the last quarter. Finally, Sigma Planning Corp raised its position in shares of Chubb by 7.1% in the fourth quarter. Sigma Planning Corp now owns 1,453 shares of the financial services provider’s stock valued at $281,000 after buying an additional 96 shares during the last quarter. 88.86% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Up 0.1 %

NYSE CB opened at $185.32 on Friday. The firm has a 50 day simple moving average of $193.82 and a 200-day simple moving average of $202.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.31 and a current ratio of 0.36. Chubb Limited has a one year low of $171.96 and a one year high of $218.99. The firm has a market cap of $77.40 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.18 and a beta of 0.68.

Chubb (NYSE:CBGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $4.20 EPS for the quarter, beating the consensus estimate of $3.63 by $0.57. Chubb had a net margin of 17.36% and a return on equity of 10.97%. During the same period last year, the business earned $3.62 earnings per share. Equities research analysts anticipate that Chubb Limited will post 15.64 EPS for the current fiscal year.

Chubb announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 19th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, June 17th were paid a $0.83 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, June 16th. This represents a $3.32 annualized dividend and a dividend yield of 1.79%. Chubb’s dividend payout ratio (DPR) is presently 20.02%.

Insider Activity

In other news, insider John J. Lupica sold 12,004 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $205.41, for a total value of $2,465,741.64. Following the completion of the transaction, the insider now owns 151,093 shares of the company’s stock, valued at $31,036,013.13. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider John J. Lupica sold 12,004 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $205.41, for a total value of $2,465,741.64. Following the sale, the insider now owns 151,093 shares of the company’s stock, valued at $31,036,013.13. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael G. Atieh sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $203.49, for a total transaction of $101,745.00. Following the completion of the sale, the director now directly owns 38,340 shares in the company, valued at approximately $7,801,806.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,891 shares of company stock valued at $26,199,246. 0.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CB shares. Wells Fargo & Company increased their target price on shares of Chubb from $248.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Barclays dropped their price objective on shares of Chubb from $250.00 to $249.00 and set an “overweight” rating for the company in a report on Friday, May 20th. Citigroup started coverage on shares of Chubb in a report on Monday, May 23rd. They issued a “neutral” rating and a $209.00 price objective for the company. Morgan Stanley dropped their price objective on shares of Chubb from $224.00 to $216.00 and set an “equal weight” rating for the company in a report on Monday, May 23rd. Finally, Raymond James upped their price objective on shares of Chubb from $240.00 to $250.00 in a report on Thursday, April 28th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.85.

Chubb Profile

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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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

See Also

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CBGet Rating).

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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