Chubb Limited (NYSE:CB) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 14.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 971 shares of the financial services provider’s stock after selling 160 shares during the quarter. Sargent Investment Group LLC’s holdings in Chubb were worth $248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Stock Yards Bank & Trust Co. boosted its position in Chubb by 1.4% during the second quarter. Stock Yards Bank & Trust Co. now owns 3,300 shares of the financial services provider’s stock worth $842,000 after acquiring an additional 45 shares during the last quarter. Moors & Cabot Inc. lifted its stake in Chubb by 3.6% in the 2nd quarter. Moors & Cabot Inc. now owns 10,980 shares of the financial services provider’s stock worth $2,801,000 after purchasing an additional 378 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in shares of Chubb by 255.4% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 9,444 shares of the financial services provider’s stock worth $2,414,000 after purchasing an additional 6,787 shares during the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in shares of Chubb in the second quarter valued at approximately $992,000. Finally, One Capital Management LLC increased its holdings in shares of Chubb by 306.7% in the second quarter. One Capital Management LLC now owns 5,161 shares of the financial services provider’s stock valued at $1,316,000 after purchasing an additional 3,892 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective for the company. Morgan Stanley decreased their target price on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada increased their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $274.70.

Insider Buying and Selling at Chubb

In other news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. Insiders sold 94,836 shares of company stock valued at $27,055,900 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

CB stock opened at $290.78 on Wednesday. The business’s fifty day moving average price is $273.91 and its 200 day moving average price is $262.59. Chubb Limited has a 12-month low of $204.15 and a 12-month high of $294.18. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $118.07 billion, a PE ratio of 12.91, a P/E/G ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period in the prior year, the firm earned $4.92 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Chubb Limited will post 21.2 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

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.