Chubb Limited (NYSE:CB) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Chubb Limited (NYSE:CB) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,536,628 shares of the financial services provider’s stock after selling 385,393 shares during the quarter. Wellington Management Group LLP’s holdings in Chubb were worth $2,358,670,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its holdings in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new position in Chubb during the 3rd quarter valued at about $29,000. Sierra Ocean LLC bought a new position in Chubb in the 4th quarter worth about $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $29,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 0.7 %

Shares of NYSE:CB opened at $296.36 on Monday. The stock has a market capitalization of $118.67 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The company has a 50 day moving average price of $279.26 and a 200 day moving average price of $281.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio is presently 16.02%.

Wall Street Analyst Weigh In

CB has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $301.00.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 over the last ninety days. 0.86% of the stock is currently owned by company 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.