Cambiar Investors LLC Decreases Stock Holdings in Chubb Limited $CB

Cambiar Investors LLC cut its holdings in shares of Chubb Limited (NYSE:CB) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,709 shares of the financial services provider’s stock after selling 14,611 shares during the quarter. Chubb makes up 2.0% of Cambiar Investors LLC’s investment portfolio, making the stock its 22nd largest holding. Cambiar Investors LLC’s holdings in Chubb were worth $43,667,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AGH Wealth Advisors LLC increased its position in Chubb by 5.7% in the third quarter. AGH Wealth Advisors LLC now owns 853 shares of the financial services provider’s stock worth $241,000 after buying an additional 46 shares during the last quarter. Stablepoint Partners LLC boosted its position in shares of Chubb by 3.3% in the third quarter. Stablepoint Partners LLC now owns 5,418 shares of the financial services provider’s stock valued at $1,529,000 after acquiring an additional 173 shares during the period. Marino Stram & Associates LLC bought a new position in Chubb in the 3rd quarter valued at $262,000. Saxon Interests Inc. boosted its stake in Chubb by 4.4% during the third quarter. Saxon Interests Inc. now owns 5,080 shares of the financial services provider’s stock valued at $1,397,000 after buying an additional 212 shares during the period. Finally, NWF Advisory Services Inc. boosted its position in shares of Chubb by 568.9% during the 3rd quarter. NWF Advisory Services Inc. now owns 8,167 shares of the financial services provider’s stock valued at $2,305,000 after acquiring an additional 6,946 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CB shares. Mizuho set a $317.00 price objective on shares of Chubb in a research report on Wednesday, January 14th. Jefferies Financial Group lifted their target price on shares of Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft upped their price target on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $335.00 to $355.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, Morgan Stanley set a $350.00 price objective on shares of Chubb in a report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.81.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the sale, the executive vice president owned 12,660 shares in the company, valued at approximately $3,749,512.20. The trade was a 45.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,635 shares of company stock valued at $9,970,735 over the last quarter. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Down 0.6%

CB stock opened at $301.59 on Wednesday. The business’s 50-day moving average is $304.18 and its two-hundred day moving average is $286.97. Chubb Limited has a fifty-two week low of $263.14 and a fifty-two week high of $316.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $118.69 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.95 and a beta of 0.51.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.