Guggenheim Capital LLC Decreases Stock Holdings in Chubb Limited $CB

Guggenheim Capital LLC reduced its holdings in Chubb Limited (NYSE:CB) by 21.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,463 shares of the financial services provider’s stock after selling 14,155 shares during the period. Guggenheim Capital LLC’s holdings in Chubb were worth $15,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CB. 1248 Management LLC purchased a new position in Chubb in the first quarter worth about $31,000. WPG Advisers LLC purchased a new stake in Chubb during the first quarter valued at approximately $33,000. VSM Wealth Advisory LLC bought a new stake in shares of Chubb in the 2nd quarter valued at approximately $32,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Chubb by 391.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 94 shares during the period. Finally, Maseco LLP purchased a new position in shares of Chubb in the 2nd quarter worth approximately $35,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In related news, insider John J. Lupica sold 16,375 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the transaction, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. This trade represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 57,333 shares of company stock worth $16,629,873. Company insiders own 0.77% of the company’s stock.

Chubb Stock Down 0.2%

Shares of CB opened at $294.45 on Friday. The firm has a fifty day moving average price of $285.99 and a 200-day moving average price of $281.77. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $115.88 billion, a P/E ratio of 12.29, a P/E/G ratio of 3.37 and a beta of 0.51. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS 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 company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter last year, the firm posted $5.72 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s payout ratio is currently 16.19%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group increased their price target on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Wolfe Research boosted their price objective on shares of Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $300.00 target price on shares of Chubb in a research note on Monday, October 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $309.00 price target on shares of Chubb in a research note on Monday, October 27th. Finally, Wells Fargo & Company upped their price target on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $308.32.

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.