Fayez Sarofim & Co Sells 27,360 Shares of Chubb Limited $CB

Fayez Sarofim & Co decreased its holdings in shares of Chubb Limited (NYSE:CB) by 2.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,174,922 shares of the financial services provider’s stock after selling 27,360 shares during the period. Fayez Sarofim & Co’s holdings in Chubb were worth $340,398,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Modern Wealth Management LLC grew its holdings in Chubb by 6.2% during the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after buying an additional 143 shares in the last quarter. Assetmark Inc. boosted its holdings in Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after acquiring an additional 8,828 shares during the last quarter. Trifecta Capital Advisors LLC grew its stake in shares of Chubb by 764.7% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 130 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Chubb by 28.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock valued at $16,750,000 after purchasing an additional 12,784 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Chubb by 633.6% in the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after purchasing an additional 7,065 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Up 0.8%

Shares of CB opened at $297.29 on Tuesday. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The business has a 50-day moving average of $286.64 and a 200 day moving average of $281.72. The firm has a market cap of $117.00 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 3.37 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned $5.72 earnings per share. As a group, research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, December 12th. Chubb’s payout ratio is currently 16.19%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CB. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Wolfe Research upped their target price on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. UBS Group increased their price target on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $308.32.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 16,375 shares of Chubb stock in a transaction 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 completion of the transaction, the insider directly owned 74,225 shares in the company, valued at approximately $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly 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. Insiders have sold 57,333 shares of company stock valued at $16,629,873 in the last 90 days. 0.86% of the stock is currently owned by company insiders.

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.