Boston Partners Trims Stock Position in Chubb Limited (NYSE:CB)

Boston Partners reduced its stake in shares of Chubb Limited (NYSE:CB) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,763,195 shares of the financial services provider’s stock after selling 426,559 shares during the quarter. Boston Partners’ holdings in Chubb were worth $486,819,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CB. Continuum Advisory LLC grew its position in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the 3rd quarter worth about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb in the 3rd quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb in the 4th quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb in the 3rd quarter worth about $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CB. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Wells Fargo & Company cut their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $301.00.

Chubb Price Performance

Shares of NYSE:CB opened at $297.81 on Tuesday. The firm’s 50 day moving average price is $274.21 and its 200-day moving average price is $280.97. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $119.25 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

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.