Stonebrook Private Inc. Sells 4,577 Shares of Chubb Limited (NYSE:CB)

Stonebrook Private Inc. trimmed its holdings in Chubb Limited (NYSE:CB) by 28.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,559 shares of the financial services provider’s stock after selling 4,577 shares during the quarter. Chubb makes up approximately 0.9% of Stonebrook Private Inc.’s holdings, making the stock its 27th biggest position. Stonebrook Private Inc.’s holdings in Chubb were worth $3,333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of Chubb by 28,885.3% in the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after purchasing an additional 931,841 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Chubb by 4,559.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock valued at $243,641,000 after buying an additional 826,700 shares in the last quarter. Troy Asset Management Ltd bought a new position in shares of Chubb in the 2nd quarter valued at about $106,975,000. Van Lanschot Kempen Investment Management N.V. bought a new stake in Chubb during the second quarter worth approximately $93,411,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Chubb by 349.8% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 463,300 shares of the financial services provider’s stock worth $118,179,000 after purchasing an additional 360,300 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.0 %

NYSE:CB opened at $285.21 on Friday. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The company’s 50-day simple moving average is $287.46 and its 200-day simple moving average is $274.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $114.97 billion, a P/E ratio of 11.68, a P/E/G ratio of 6.62 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business earned $4.95 EPS. On average, equities analysts anticipate that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 5.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This trade represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,715 shares of company stock valued at $23,803,540 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CB shares. 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 on the stock. Morgan Stanley boosted their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JMP Securities upped their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI lifted their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $287.37.

Chubb Company 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.