Wellington Management Group LLP Has $2.57 Billion Stock Position in Chubb Limited (NYSE:CB)

Wellington Management Group LLP lessened its position in Chubb Limited (NYSE:CB - Free Report) by 6.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,922,021 shares of the financial services provider's stock after selling 645,064 shares during the period. Wellington Management Group LLP owned approximately 2.21% of Chubb worth $2,573,022,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in Chubb by 7.3% during the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock worth $4,492,103,000 after buying an additional 1,052,999 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Chubb by 1.3% during the 2nd 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 in the last quarter. Legal & General Group Plc grew its holdings in shares of Chubb by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider's stock worth $938,663,000 after acquiring an additional 104,986 shares during the last quarter. Raymond James & Associates raised its position in shares of Chubb by 2.9% during the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider's stock worth $778,270,000 after purchasing an additional 87,059 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings 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 purchasing an additional 160,335 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 5.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by company insiders.

Chubb Stock Down 1.2 %

CB stock traded down $3.30 during trading hours on Friday, hitting $283.32. The company's stock had a trading volume of 1,507,326 shares, compared to its average volume of 1,351,383. The stock has a 50 day moving average price of $287.01 and a two-hundred day moving average price of $276.20. 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 $114.21 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 6.62 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 quarterly earnings data 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. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion during the quarter, compared to analysts' expectations of $14.16 billion. During the same period in the prior year, the company posted $4.95 earnings per share. Chubb's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on CB shares. Keefe, Bruyette & Woods boosted 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. JMP Securities boosted their price target on shares of Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a report on Wednesday, October 30th. Evercore ISI upped their price target on shares of Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price objective on the stock. Finally, Jefferies Financial Group increased their target price on Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has an average rating of "Hold" and a consensus price target 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.