Janus Henderson Group PLC Sells 4,205 Shares of Chubb Limited (NYSE:CB)

Janus Henderson Group PLC lessened its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,985 shares of the financial services provider's stock after selling 4,205 shares during the period. Janus Henderson Group PLC's holdings in Chubb were worth $20,177,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CB. FMR LLC increased its position in Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock valued at $4,492,103,000 after buying an additional 1,052,999 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Chubb by 28,885.3% in the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider's stock worth $2,696,640,000 after acquiring an additional 931,841 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Chubb by 4,559.3% in the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider's stock worth $243,641,000 after acquiring an additional 826,700 shares during the last quarter. Troy Asset Management Ltd bought a new position in shares of Chubb during the second quarter valued at $106,975,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock worth $338,070,000 after purchasing an additional 389,343 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

NYSE CB traded down $3.30 on Friday, hitting $283.32. 1,507,326 shares of the company traded hands, compared to its average volume of 1,351,383. The business's 50 day moving average price is $286.88 and its 200-day moving average price is $276.48. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05. 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 market capitalization of $114.21 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 6.62 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.95 earnings per share. Equities analysts expect that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, December 13th. Chubb's dividend payout ratio is currently 14.91%.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company's stock, valued at approximately $160,341,094.40. This trade represents a 5.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CB shares. Bank of America increased their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. Wells Fargo & Company increased their price target on shares of Chubb from $266.00 to $268.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. 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 report on Wednesday, October 30th. JMP Securities upped their price objective on Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley lifted their target price on Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Two investment 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 company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $287.37.

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.