Chubb Limited $CB Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its position in Chubb Limited (NYSE:CB) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,193,680 shares of the financial services provider’s stock after selling 94,553 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.80% of Chubb worth $2,030,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CB. Mitchell & Pahl Private Wealth LLC raised its position in shares of Chubb by 0.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after buying an additional 35 shares in the last quarter. Evermay Wealth Management LLC increased its stake in shares of Chubb by 2.3% during the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 38 shares during the period. JT Stratford LLC raised its holdings in Chubb by 3.5% during the second quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 38 shares in the last quarter. Jacobsen Capital Management lifted its position in Chubb by 5.3% in the second quarter. Jacobsen Capital Management now owns 773 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 39 shares during the period. Finally, Cordatus Wealth Management LLC boosted its stake in Chubb by 0.6% during the 2nd quarter. Cordatus Wealth Management LLC now owns 6,609 shares of the financial services provider’s stock valued at $1,915,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $300.60 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $118.30 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 3.14 and a beta of 0.51. Chubb Limited has a 12-month low of $263.14 and a 12-month high of $316.94. The company has a 50 day moving average price of $303.22 and a two-hundred day moving average price of $285.89.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.72 EPS. As a group, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio is 16.19%.

Analyst Ratings Changes

A number of analysts have recently commented on CB shares. The Goldman Sachs Group raised Chubb from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $309.00 to $351.00 in a research note on Wednesday, January 7th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Mizuho set a $317.00 target price on shares of Chubb in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Finally, Citigroup restated a “market outperform” rating on shares of Chubb in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and a consensus target price of $323.81.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 850 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $295.19, for a total transaction of $250,911.50. Following the transaction, the executive vice president directly owned 1,585 shares in the company, valued at $467,876.15. The trade was a 34.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president owned 60,593 shares in the company, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.77% of the stock is owned by insiders.

Chubb 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.