Glenmede Trust Co. NA Sells 2,811 Shares of Chubb Limited (NYSE:CB)

Glenmede Trust Co. NA trimmed its position in shares of Chubb Limited (NYSE:CB) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 442,669 shares of the financial services provider’s stock after selling 2,811 shares during the quarter. Glenmede Trust Co. NA’s holdings in Chubb were worth $127,661,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Townsquare Capital LLC grew its position in shares of Chubb by 37.1% during the 3rd quarter. Townsquare Capital LLC now owns 9,274 shares of the financial services provider’s stock worth $2,675,000 after buying an additional 2,511 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its stake in shares of Chubb by 299.6% during the third quarter. Transamerica Financial Advisors Inc. now owns 939 shares of the financial services provider’s stock worth $271,000 after buying an additional 704 shares during the period. Avestar Capital LLC lifted its holdings in shares of Chubb by 5.2% during the third quarter. Avestar Capital LLC now owns 2,812 shares of the financial services provider’s stock worth $811,000 after purchasing an additional 140 shares during the period. Brooklyn Investment Group boosted its holdings in Chubb by 8.8% in the third quarter. Brooklyn Investment Group now owns 2,349 shares of the financial services provider’s stock valued at $677,000 after purchasing an additional 190 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in Chubb by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 235,262 shares of the financial services provider’s stock worth $67,847,000 after purchasing an additional 934 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.7 %

Shares of CB stock opened at $288.51 on Wednesday. The stock has a market capitalization of $116.30 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 6.68 and a beta of 0.67. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a 50 day moving average price of $287.32 and a 200 day moving average price of $275.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $4.95 earnings per share. Equities research analysts predict that Chubb Limited will post 21.77 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. Chubb’s payout ratio is 14.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CB shares. Wells Fargo & Company upped their price target on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. JMP Securities boosted their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Morgan Stanley boosted their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $287.37.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was a 5.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,715 shares of company stock valued at $23,803,540 over the last quarter. 0.86% of the stock is currently owned by insiders.

About Chubb

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.