Chubb Limited (NYSE:CB) Shares Sold by Bokf Na

Bokf Na lowered its stake in shares of Chubb Limited (NYSE:CB) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,293 shares of the financial services provider’s stock after selling 41 shares during the quarter. Bokf Na’s holdings in Chubb were worth $3,136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Beacon Capital Management LLC increased its position in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in Chubb in the first quarter valued at about $25,000. Chilton Capital Management LLC acquired a new stake in Chubb during the second quarter valued at approximately $26,000. Wellington Shields Capital Management LLC bought a new position in Chubb during the 1st quarter worth approximately $29,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb in the 4th quarter worth approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.4 %

NYSE:CB opened at $288.87 on Friday. Chubb Limited has a 1 year low of $204.15 and a 1 year high of $294.18. The business has a fifty day moving average of $272.40 and a 200-day moving average of $261.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $116.68 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. The firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $4.92 EPS. Equities analysts predict that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.26%. Chubb’s payout ratio is 16.16%.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider John J. Lupica sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was 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 directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The disclosure for this sale can be found here. Insiders sold 94,836 shares of company stock worth $27,055,900 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several research reports. William Blair lowered Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Roth Mkm increased their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Morgan Stanley dropped their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Finally, Barclays initiated coverage on Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus target price of $274.70.

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.