Franklin Resources Inc. Decreases Stake in Chubb Limited $CB

Franklin Resources Inc. lessened its holdings in Chubb Limited (NYSE:CB) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 326,203 shares of the financial services provider’s stock after selling 8,242 shares during the period. Franklin Resources Inc. owned approximately 0.08% of Chubb worth $94,508,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. E Fund Management Co. Ltd. boosted its position in Chubb by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 36 shares during the last quarter. Rise Advisors LLC raised its stake in shares of Chubb by 4.6% during the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 37 shares during the period. Sky Investment Group LLC raised its stake in shares of Chubb by 1.6% during the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 38 shares during the period. Evermay Wealth Management LLC grew its position in Chubb by 2.3% during the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after buying an additional 38 shares during the period. Finally, Lincoln Capital LLC grew its position in Chubb by 0.6% during the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock valued at $2,022,000 after buying an additional 39 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Stock Up 0.8%

CB opened at $298.55 on Monday. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The company has a market cap of $117.50 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $282.16 and a 200 day moving average of $281.22.

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

Chubb Dividend Announcement

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

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction 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 represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John J. Lupica sold 23,698 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,903 shares of company stock valued at $13,245,483 in the last ninety days. Insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CB. Jefferies Financial Group lifted their price objective on shares of Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Evercore ISI lifted their price target on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 price objective on shares of Chubb in a research note on Thursday, October 23rd. Wolfe Research increased their price objective on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Morgan Stanley raised their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. One equities 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 given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $308.05.

About Chubb

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.