BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 21,257 Shares of Chubb Limited (NYSE:CB)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in Chubb Limited (NYSE:CB - Free Report) by 7.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 253,301 shares of the financial services provider's stock after selling 21,257 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.06% of Chubb worth $73,049,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. King Luther Capital Management Corp raised its position in Chubb by 2.3% during the third quarter. King Luther Capital Management Corp now owns 7,139 shares of the financial services provider's stock valued at $2,059,000 after acquiring an additional 160 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in shares of Chubb by 5.0% during the 3rd quarter. Cornerstone Advisors LLC now owns 20,900 shares of the financial services provider's stock valued at $6,027,000 after purchasing an additional 1,000 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in Chubb by 38.8% in the third quarter. Citizens Financial Group Inc. RI now owns 13,105 shares of the financial services provider's stock worth $3,790,000 after purchasing an additional 3,661 shares in the last quarter. Payden & Rygel increased its position in Chubb by 0.5% during the third quarter. Payden & Rygel now owns 77,670 shares of the financial services provider's stock worth $22,399,000 after buying an additional 400 shares during the last quarter. Finally, Moors & Cabot Inc. raised its holdings in Chubb by 7.7% during the third quarter. Moors & Cabot Inc. now owns 11,825 shares of the financial services provider's stock valued at $3,410,000 after buying an additional 845 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Chubb stock traded up $0.10 on Friday, reaching $285.21. The company's stock had a trading volume of 1,718,492 shares, compared to its average volume of 1,603,246. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05. The company has a market cap of $114.97 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 6.62 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The business's fifty day moving average price is $287.54 and its 200 day moving average price is $274.03.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate 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 period last year, the firm earned $4.95 EPS. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts expect that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb's payout ratio is presently 14.91%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CB. Jefferies Financial Group increased their price objective on Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Piper Sandler increased their price target on Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $291.00 to $294.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Barclays assumed coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb presently has an average rating of "Hold" and a consensus price target of $287.37.

Insider Activity

In other news, CEO Evan G. Greenberg sold 30,537 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 4.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. This represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,715 shares of company stock valued at $23,803,540. 0.86% of the stock is currently owned by insiders.

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.