Chubb Limited $CB Stock Holdings Lowered by Horizon Investment Services LLC

Horizon Investment Services LLC cut its position in Chubb Limited (NYSE:CB) by 6.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 18,514 shares of the financial services provider’s stock after selling 1,237 shares during the quarter. Chubb makes up about 2.4% of Horizon Investment Services LLC’s investment portfolio, making the stock its 11th largest position. Horizon Investment Services LLC’s holdings in Chubb were worth $5,364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new position in shares of Chubb during the first quarter worth approximately $31,000. 1248 Management LLC acquired a new position in Chubb during the 1st quarter worth $31,000. WPG Advisers LLC bought a new position in shares of Chubb in the first quarter worth $33,000. Maseco LLP acquired a new position in shares of Chubb during the second quarter valued at $35,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Chubb by 391.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Wolfe Research upped their price target on shares of Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. HSBC raised their price objective on shares of Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. Wells Fargo & Company upped their target price on Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $307.79.

Chubb Trading Down 0.1%

Shares of CB opened at $283.01 on Friday. The business’s 50-day moving average price is $278.55 and its 200 day moving average price is $280.59. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $111.38 billion, a P/E ratio of 11.81, a P/E/G ratio of 2.74 and a beta of 0.58. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. The company had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company posted $5.72 earnings per share. Analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s dividend payout ratio is presently 16.19%.

Insider Activity

In other news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.77% of the stock is owned by 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.