Chubb Limited (NYSE:CB) Stock Position Reduced by Oldfield Partners LLP

Oldfield Partners LLP decreased its position in Chubb Limited (NYSE:CB - Free Report) by 27.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 272,900 shares of the financial services provider's stock after selling 100,800 shares during the period. Chubb comprises 16.6% of Oldfield Partners LLP's investment portfolio, making the stock its biggest position. Oldfield Partners LLP owned approximately 0.07% of Chubb worth $78,702,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CB. Pathway Financial Advisers LLC acquired a new stake in Chubb in the 1st quarter valued at $25,000. Beacon Capital Management LLC increased its stake in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Chubb during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb in the 2nd quarter valued at about $28,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in Chubb in the 1st quarter worth about $29,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Trading Down 0.2 %

CB stock traded down $0.74 during mid-day trading on Tuesday, hitting $297.11. 1,540,817 shares of the company were exchanged, compared to its average volume of 1,615,542. The business has a fifty day simple moving average of $285.39 and a 200-day simple moving average of $268.41. The firm has a market capitalization of $120.64 billion, a P/E ratio of 13.22, a PEG ratio of 5.87 and a beta of 0.66. Chubb Limited has a 12-month low of $205.64 and a 12-month high of $302.05. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20.

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

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. Chubb's dividend payout ratio is presently 16.16%.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares of the company's stock, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,636 shares of company stock valued at $24,874,208. Corporate insiders own 0.86% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on CB shares. Wells Fargo & Company raised their target price on Chubb from $255.00 to $269.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. William Blair lowered Chubb from a "market perform" rating to an "underperform" rating in a report on Friday, June 28th. JPMorgan Chase & Co. increased their target price on shares of Chubb from $290.00 to $291.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Morgan Stanley lowered their price target on shares of Chubb from $260.00 to $259.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 10th. Finally, Roth Mkm raised their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chubb currently has an average rating of "Hold" and a consensus target price of $282.37.

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.