Chubb Limited $CB Shares Sold by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. lessened its holdings in shares of Chubb Limited (NYSE:CB) by 26.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 29,760 shares of the financial services provider’s stock after selling 10,925 shares during the period. LGT Fund Management Co Ltd.’s holdings in Chubb were worth $8,622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CB. GQG Partners LLC raised its position in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after acquiring an additional 4,964,298 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Chubb during the 1st quarter worth about $562,221,000. Demars Financial Group LLC raised its position in shares of Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock worth $1,884,004,000 after acquiring an additional 878,177 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Chubb by 1,243.9% during the 1st quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider’s stock worth $205,491,000 after acquiring an additional 629,822 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after acquiring an additional 304,751 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.9%

Shares of CB stock opened at $283.99 on Friday. The business’s 50 day moving average is $274.76 and its two-hundred day moving average is $282.25. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The company has a market capitalization of $113.22 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 3.17 and a beta of 0.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same period last year, the business posted $5.38 EPS. The company’s revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 17.12%.

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat bought 425 shares of the stock in a transaction on Friday, July 25th. The shares were bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director owned 2,450 shares of the company’s stock, valued at $661,010. This trade represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CB. Wolfe Research raised Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research report on Saturday, September 27th. Morgan Stanley cut their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. HSBC lowered Chubb from a “buy” rating to a “hold” rating and cut their price target for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. Finally, Evercore ISI lifted their price target on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $303.24.

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.