Charles Schwab Investment Management Inc. Cuts Stock Position in Chubb Limited (NYSE:CB)

Charles Schwab Investment Management Inc. trimmed its holdings in Chubb Limited (NYSE:CB - Free Report) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,189,087 shares of the financial services provider's stock after selling 140,012 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.54% of Chubb worth $631,311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ameriprise Financial Inc. increased 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 acquiring an additional 63,891 shares during the period. Legal & General Group Plc raised its position in Chubb by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider's stock valued at $938,663,000 after purchasing an additional 104,986 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider's stock worth $918,294,000 after buying an additional 457,881 shares during the period. Raymond James & Associates grew its position in shares of Chubb by 2.9% during the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider's stock worth $778,270,000 after buying an additional 87,059 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Chubb by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider's stock valued at $586,207,000 after buying an additional 160,335 shares during the period. 83.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael G. Atieh sold 261 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on Friday, September 6th. The shares were 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 of the company's stock, valued at $167,748,829.50. The trade was a 4.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,715 shares of company stock valued at $23,803,540. Company insiders own 0.86% of the company's stock.

Chubb Stock Performance

Shares of NYSE:CB traded up $1.06 during trading on Friday, hitting $286.17. The stock had a trading volume of 653,362 shares, compared to its average volume of 1,598,539. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05. The stock has a market capitalization of $115.36 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 6.62 and a beta of 0.67. The stock has a 50-day simple moving average of $287.54 and a two-hundred day simple moving average of $274.03.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly 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. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $4.95 EPS. On average, equities research 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. Investors 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 1.27%. Chubb's dividend payout ratio is presently 14.91%.

Wall Street Analyst Weigh In

A number of research analysts have commented on CB shares. JPMorgan Chase & Co. raised their target price on shares of Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted 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. Keefe, Bruyette & Woods increased their target price on Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Barclays initiated coverage on Chubb in a research report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 price target for the company. Finally, Morgan Stanley raised their price objective on Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Two 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $287.37.

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.