Chubb Limited $CB Shares Sold by WestEnd Advisors LLC

WestEnd Advisors LLC trimmed its stake in Chubb Limited (NYSE:CB) by 3.6% during the third quarter, HoldingsChannel.com reports. The fund owned 106,969 shares of the financial services provider’s stock after selling 3,962 shares during the quarter. WestEnd Advisors LLC’s holdings in Chubb were worth $34,793,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in Chubb during the second quarter worth $25,000. Dunhill Financial LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at $25,000. Parvin Asset Management LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at $26,000. Highland Investment Advisors LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at $26,000. Finally, Frazier Financial Advisors LLC boosted its stake in shares of Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 38 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

Shares of CB stock opened at $356.07 on Wednesday. Chubb Limited has a 52 week low of $273.35 and a 52 week high of $365.91. The stock’s fifty day moving average is $342.29 and its 200-day moving average is $332.98.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. The business had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.66 billion. During the same period in the prior year, the firm earned $7.49 earnings per share. As a group, analysts predict that Chubb Limited will post 28.49 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, September 11th.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Chubb from $350.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Weiss Ratings upgraded shares of Chubb from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $371.00 to $374.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Barclays set a $387.00 price objective on shares of Chubb in a research note on Tuesday, July 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $362.05.

Insiders Place Their Bets

In other news, Director Michael Connors sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. This represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company’s stock.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.