Chubb Limited $CB Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its holdings in Chubb Limited (NYSE:CB) by 0.4% during the second quarter, HoldingsChannel.com reports. The fund owned 191,317 shares of the financial services provider’s stock after selling 745 shares during the period. Asset Management One Co. Ltd.’s holdings in Chubb were worth $55,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. North Capital Inc. bought a new position in Chubb in the first quarter worth about $26,000. IMA Advisory Services Inc. bought a new position in Chubb in the first quarter worth about $31,000. 1248 Management LLC bought a new position in Chubb in the first quarter worth about $31,000. WPG Advisers LLC bought a new position in Chubb in the first quarter worth about $33,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in Chubb by 391.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CB shares. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and cut their target price for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Keefe, Bruyette & Woods increased their price objective on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company increased their price objective on Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. increased their price objective on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Finally, Wolfe Research increased their price objective on Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a report on Thursday. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $306.16.

Chubb Stock Performance

Shares of NYSE CB opened at $282.84 on Friday. The stock has a fifty day moving average price of $277.50 and a two-hundred day moving average price of $280.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.34. The firm has a market cap of $112.76 billion, a P/E ratio of 11.80, a PEG ratio of 3.11 and a beta of 0.54. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $5.72 EPS. Research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is presently 17.12%.

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.