Cambiar Investors LLC Has $49.06 Million Stock Position in Chubb Limited $CB

Cambiar Investors LLC trimmed its position in Chubb Limited (NYSE:CB) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,320 shares of the financial services provider’s stock after selling 7,543 shares during the quarter. Chubb comprises approximately 2.1% of Cambiar Investors LLC’s holdings, making the stock its 16th largest position. Cambiar Investors LLC’s holdings in Chubb were worth $49,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CB. Brighton Jones LLC increased its position in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new position in Chubb during the fourth quarter worth $205,000. Golden State Wealth Management LLC increased its position in Chubb by 9.1% during the first quarter. Golden State Wealth Management LLC now owns 549 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 46 shares during the period. Teacher Retirement System of Texas increased its position in Chubb by 37.1% during the first quarter. Teacher Retirement System of Texas now owns 73,765 shares of the financial services provider’s stock worth $22,276,000 after acquiring an additional 19,958 shares during the period. Finally, Mutual Advisors LLC increased its position in Chubb by 6.7% during the first quarter. Mutual Advisors LLC now owns 2,210 shares of the financial services provider’s stock worth $617,000 after acquiring an additional 139 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.3%

CB opened at $277.13 on Friday. The firm’s 50-day simple moving average is $277.80 and its 200-day simple moving average is $280.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The firm has a market cap of $109.07 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.74 and a beta of 0.54.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the prior year, the firm earned $5.72 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s dividend payout ratio is presently 16.19%.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the sale, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This represents a 20.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CB. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Wells Fargo & Company boosted their target price on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Bank of America boosted their target price on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research report on Monday, October 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $309.00 price target on shares of Chubb in a report on Monday, October 27th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $300.00 price target on shares of Chubb in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $307.79.

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.