Vinva Investment Management Ltd Sells 647 Shares of Chubb Limited (NYSE:CB)

Vinva Investment Management Ltd trimmed its stake in Chubb Limited (NYSE:CB) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,548 shares of the financial services provider’s stock after selling 647 shares during the quarter. Vinva Investment Management Ltd’s holdings in Chubb were worth $4,213,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CB. FMR LLC lifted its holdings in shares of Chubb by 7.3% during the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Chubb by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock worth $1,258,202,000 after purchasing an additional 63,891 shares in the last quarter. Legal & General Group Plc boosted its stake in Chubb by 2.9% during the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock valued at $938,663,000 after buying an additional 104,986 shares during the last quarter. Raymond James & Associates increased its stake in Chubb by 2.9% in the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock worth $778,270,000 after acquiring an additional 87,059 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Chubb by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock worth $586,207,000 after acquiring an additional 160,335 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on CB shares. Morgan Stanley lifted their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JMP Securities lifted their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $287.37.

Chubb Price Performance

CB opened at $290.34 on Friday. The business has a fifty day moving average of $287.34 and a 200 day moving average of $275.26. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $117.04 billion, a P/E ratio of 11.89, a PEG ratio of 6.68 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating 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 company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the previous year, the business earned $4.95 EPS. Chubb’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chubb Limited will post 21.77 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The trade was a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This trade represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock valued at $23,803,540 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

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.