Earnest Partners LLC Sells 62 Shares of Chubb Limited (NYSE:CB)

Earnest Partners LLC lessened its holdings in shares of Chubb Limited (NYSE:CB) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,553 shares of the financial services provider’s stock after selling 62 shares during the quarter. Earnest Partners LLC’s holdings in Chubb were worth $429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CB. Demars Financial Group LLC raised its stake in Chubb by 26,761.4% during the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider’s stock valued at $1,481,094,000 after purchasing an additional 5,340,499 shares during the period. Norges Bank purchased a new position in Chubb during the 4th quarter valued at approximately $1,169,720,000. Raymond James Financial Inc. purchased a new position in Chubb during the 4th quarter valued at approximately $1,158,897,000. GQG Partners LLC grew its holdings in Chubb by 36.3% during the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider’s stock valued at $1,223,932,000 after buying an additional 1,178,628 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. grew its holdings in Chubb by 1,007,698.0% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider’s stock valued at $278,454,000 after buying an additional 1,007,698 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last three months. 0.86% of the stock is owned by insiders.

Chubb Price Performance

CB opened at $282.35 on Tuesday. Chubb Limited has a 12-month low of $244.84 and a 12-month high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $286.71 and its 200-day simple moving average is $281.06. The company has a market capitalization of $113.13 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. On average, equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 17.52%.

Analysts Set New Price Targets

CB has been the subject of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Raymond James restated a “strong-buy” rating on shares of Chubb in a report on Thursday. JMP Securities restated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Barclays cut their target price on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company boosted their target price on Chubb from $268.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $307.86.

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.