Epoch Investment Partners Inc. Sells 912 Shares of Chubb Limited (NYSE:CB)

Epoch Investment Partners Inc. trimmed its position in Chubb Limited (NYSE:CB) by 9.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,843 shares of the financial services provider’s stock after selling 912 shares during the period. Epoch Investment Partners Inc.’s holdings in Chubb were worth $2,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Alphinity Investment Management Pty Ltd increased its position in shares of Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after buying an additional 324,019 shares in the last quarter. ING Groep NV raised its position in shares of Chubb by 175,378.1% during the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock worth $25,381,000 after purchasing an additional 112,242 shares during the period. Graypoint LLC lifted its holdings in shares of Chubb by 1,275.7% during the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after purchasing an additional 29,302 shares in the last quarter. Bison Wealth LLC bought a new stake in Chubb during the 4th quarter worth approximately $263,000. Finally, Van Leeuwen & Company LLC raised its holdings in Chubb by 602.7% during the 4th quarter. Van Leeuwen & Company LLC now owns 7,941 shares of the financial services provider’s stock worth $1,795,000 after buying an additional 6,811 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares in the company, valued at $71,596,589.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Chubb news, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the transaction, the director now directly owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,552 shares of company stock worth $12,149,985. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CB. The Goldman Sachs Group increased their price objective on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Roth Mkm upped their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. HSBC reissued a “hold” rating and issued a $270.00 target price (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Finally, Royal Bank of Canada upped their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chubb currently has an average rating of “Hold” and an average price target of $270.21.

Chubb Price Performance

Shares of NYSE CB opened at $271.00 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average price is $262.03 and its two-hundred day moving average price is $253.81. The company has a market cap of $110.04 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 5.18 and a beta of 0.66. Chubb Limited has a twelve month low of $198.10 and a twelve month high of $275.41.

Chubb (NYSE:CB) last posted its 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. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period in the previous year, the firm earned $4.92 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, analysts predict that Chubb Limited will post 21.12 EPS for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were issued a dividend of $0.91 per share. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.34%. Chubb’s payout ratio is presently 16.16%.

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.