Cambiar Investors LLC Sells 4,024 Shares of Chubb Limited (NYSE:CB)

Cambiar Investors LLC reduced its stake in Chubb Limited (NYSE:CB) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,070 shares of the financial services provider’s stock after selling 4,024 shares during the quarter. Chubb comprises approximately 2.1% of Cambiar Investors LLC’s portfolio, making the stock its 16th biggest holding. Cambiar Investors LLC’s holdings in Chubb were worth $53,661,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Bard Financial Services Inc. boosted its position in Chubb by 3.7% during the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock valued at $293,000 after buying an additional 40 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Chubb by 0.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock valued at $1,917,000 after acquiring an additional 40 shares during the period. Steigerwald Gordon & Koch Inc. grew its position in Chubb by 1.9% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 40 shares during the last quarter. LVW Advisors LLC increased its stake in Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after purchasing an additional 40 shares during the period. Finally, Wealth Effects LLC lifted its position in Chubb by 3.0% in the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 40 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

Shares of NYSE CB opened at $277.41 on Friday. The firm’s 50-day moving average price is $288.23 and its 200-day moving average price is $270.64. Chubb Limited has a 52-week low of $215.54 and a 52-week high of $302.05. The company has a market cap of $112.11 billion, a PE ratio of 11.36, a PEG ratio of 5.86 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.35 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for 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%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $4.95 earnings per share. As a group, analysts anticipate that Chubb Limited will post 21.42 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, September 13th. Chubb’s payout ratio is 14.91%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CB. Bank of America raised their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Piper Sandler boosted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. JMP Securities increased their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday. Evercore ISI increased their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company reduced their price target on shares of Chubb from $269.00 to $266.00 and set an “equal weight” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $287.26.

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.