Sentry Investment Management LLC Sells 203 Shares of Chubb Limited (NYSE:CB)

Sentry Investment Management LLC trimmed its position in shares of Chubb Limited (NYSE:CB) by 10.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,778 shares of the financial services provider’s stock after selling 203 shares during the period. Sentry Investment Management LLC’s holdings in Chubb were worth $513,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Bard Financial Services Inc. raised its stake in Chubb by 3.7% in the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock valued at $293,000 after buying an additional 40 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Chubb by 0.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock worth $1,917,000 after purchasing an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its position in Chubb by 1.9% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 40 shares during the last quarter. LVW Advisors LLC increased its stake in Chubb by 0.3% during the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock valued at $3,390,000 after purchasing an additional 40 shares in the last quarter. Finally, Wealth Effects LLC raised its holdings in shares of Chubb by 3.0% in the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after buying an additional 40 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 0.5 %

Shares of NYSE CB opened at $276.08 on Tuesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $288.24 and a 200 day moving average of $271.22. Chubb Limited has a 12-month low of $216.26 and a 12-month high of $302.05. The stock has a market cap of $111.29 billion, a PE ratio of 11.31, a P/E/G ratio of 6.52 and a beta of 0.67.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period last year, the company earned $4.95 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Chubb Limited will post 21.6 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio is presently 14.91%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CB. Wells Fargo & Company cut their target price on Chubb from $269.00 to $266.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Roth Mkm lifted their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price on the stock. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $287.26.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. Insiders own 0.86% of the company’s stock.

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.