Chubb Limited (NYSE:CB) Shares Sold by Virtu Financial LLC

Virtu Financial LLC cut its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 45.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,554 shares of the financial services provider's stock after selling 6,198 shares during the quarter. Virtu Financial LLC's holdings in Chubb were worth $2,178,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Beacon Capital Management LLC raised its stake in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after buying an additional 42 shares in the last quarter. Continuum Advisory LLC raised its position in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Chubb during the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb during the third quarter worth approximately $29,000. Finally, Raelipskie Partnership acquired a new position in Chubb in the third quarter valued at approximately $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of Chubb stock traded up $1.58 during trading on Friday, reaching $276.06. The company's stock had a trading volume of 1,383,853 shares, compared to its average volume of 1,598,651. The business has a 50 day moving average price of $285.74 and a 200-day moving average price of $276.64. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05. The company has a market capitalization of $111.28 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. 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 (NYSE:CB - Get Free Report) last issued its earnings results 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 company had revenue of $13.83 billion for 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%. The business's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.95 EPS. As a group, sell-side analysts anticipate that Chubb Limited will post 21.82 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders 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 dividend yield of 1.32%. Chubb's payout ratio is 14.91%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CB. Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. JMP Securities upped their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on Chubb from $305.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Evercore ISI upped their target price on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their price target on Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $287.37.

Chubb Company 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.