Charles Schwab Investment Management Inc. Sells 140,012 Shares of Chubb Limited (NYSE:CB)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Chubb Limited (NYSE:CB) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,189,087 shares of the financial services provider’s stock after selling 140,012 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.54% of Chubb worth $631,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new stake in Chubb during the 1st quarter worth approximately $25,000. Beacon Capital Management LLC raised its position in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Chubb during the second quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb during the second quarter worth about $28,000. Finally, Kozak & Associates Inc. purchased a new stake in shares of Chubb in the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research analyst reports. Bank of America increased their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their price target on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Evercore ISI upped their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, JMP Securities upped their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $287.37.

Chubb Stock Up 0.9 %

Shares of Chubb stock opened at $285.35 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05. The company has a market cap of $115.02 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 6.62 and a beta of 0.67. The company’s 50 day moving average is $287.54 and its 200 day moving average is $274.03.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb’s payout ratio is 14.91%.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value 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. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The trade was a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,715 shares of company stock valued at $23,803,540 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

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.