Cambiar Investors LLC Sells 14,611 Shares of Chubb Limited $CB

Cambiar Investors LLC cut its position in shares of Chubb Limited (NYSE:CB) by 8.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,709 shares of the financial services provider’s stock after selling 14,611 shares during the period. Chubb makes up about 2.0% of Cambiar Investors LLC’s portfolio, making the stock its 22nd biggest holding. Cambiar Investors LLC’s holdings in Chubb were worth $43,667,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CB. Harbor Capital Advisors Inc. raised its position in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares during the period. VSM Wealth Advisory LLC bought a new position in Chubb in the 2nd quarter valued at $32,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb during the third quarter valued at $34,000. Finally, Financial Consulate Inc. purchased a new stake in Chubb in the 3rd quarter valued at about $37,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.6%

Shares of CB opened at $301.59 on Wednesday. The stock’s 50 day moving average is $304.18 and its two-hundred day moving average is $286.97. Chubb Limited has a 12 month low of $263.14 and a 12 month high of $316.94. The firm has a market cap of $118.69 billion, a P/E ratio of 12.59, a PEG ratio of 1.95 and a beta of 0.51. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Insider Activity

In other news, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. The trade was a 8.78% 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, insider John J. Lupica sold 16,375 shares of Chubb stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the sale, the insider directly owned 74,225 shares in the company, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,635 shares of company stock worth $9,970,735 over the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CB. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Morgan Stanley set a $350.00 price objective on shares of Chubb in a research note on Friday, January 16th. JPMorgan Chase & Co. upped their target price on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Jefferies Financial Group boosted their target price on shares of Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Finally, Keefe, Bruyette & Woods boosted their price target on Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.81.

Chubb Company 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.