ORG Partners LLC Trims Stake in Chubb Limited (NYSE:CB)

ORG Partners LLC trimmed its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 74.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 969 shares of the financial services provider's stock after selling 2,811 shares during the period. ORG Partners LLC's holdings in Chubb were worth $280,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CB. Mirae Asset Global Investments Co. Ltd. raised its holdings in Chubb by 16.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider's stock worth $19,448,000 after acquiring an additional 10,745 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Chubb in the 1st quarter worth approximately $984,000. Leuthold Group LLC purchased a new position in Chubb in the 1st quarter worth approximately $3,033,000. Nomura Holdings Inc. raised its holdings in Chubb by 234.3% in the 4th quarter. Nomura Holdings Inc. now owns 8,228 shares of the financial services provider's stock worth $1,860,000 after acquiring an additional 5,767 shares during the last quarter. Finally, &PARTNERS purchased a new position in Chubb in the 1st quarter worth approximately $1,267,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Chubb stock traded down $1.16 during mid-day trading on Tuesday, hitting $287.55. The stock had a trading volume of 1,239,241 shares, compared to its average volume of 1,618,341. The firm has a market capitalization of $116.76 billion, a P/E ratio of 12.76, a P/E/G ratio of 5.87 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The firm's 50 day moving average is $282.52 and its 200 day moving average is $266.99. Chubb Limited has a one year low of $205.64 and a one year high of $294.18.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.92 EPS. On average, sell-side analysts forecast that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, September 13th. Chubb's payout ratio is currently 16.16%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent analyst reports. Bank of America boosted their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. William Blair lowered shares of Chubb from a "market perform" rating to an "underperform" rating in a research note on Friday, June 28th. Royal Bank of Canada boosted their target price on shares of Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Wells Fargo & Company boosted their target price on shares of Chubb from $255.00 to $269.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $304.00 to $305.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chubb currently has a consensus rating of "Hold" and a consensus target price of $282.37.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Evan G. Greenberg sold 30,537 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 in the last 90 days. 0.86% of the stock is currently owned by corporate 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.