Chubb Ltd (NYSE:CB) Shares Sold by Northwest Bancshares Inc.

Northwest Bancshares Inc. lowered its stake in Chubb Ltd (NYSE:CB) by 3.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,717 shares of the financial services provider’s stock after selling 724 shares during the quarter. Northwest Bancshares Inc.’s holdings in Chubb were worth $2,861,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CB. Athena Capital Advisors LLC purchased a new position in Chubb in the 2nd quarter valued at $784,000. CWM LLC lifted its holdings in Chubb by 57.8% in the 2nd quarter. CWM LLC now owns 35,188 shares of the financial services provider’s stock valued at $5,183,000 after purchasing an additional 12,887 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Chubb by 30.3% in the 2nd quarter. Captrust Financial Advisors now owns 20,838 shares of the financial services provider’s stock valued at $3,085,000 after purchasing an additional 4,847 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Chubb by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,965,673 shares of the financial services provider’s stock valued at $289,524,000 after purchasing an additional 46,934 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in Chubb by 19.0% in the 2nd quarter. King Luther Capital Management Corp now owns 10,933 shares of the financial services provider’s stock valued at $1,610,000 after purchasing an additional 1,742 shares in the last quarter. 89.44% of the stock is currently owned by hedge funds and other institutional investors.

In other Chubb news, insider Paul J. Krump sold 6,000 shares of Chubb stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $160.00, for a total value of $960,000.00. Following the completion of the transaction, the insider now directly owns 112,865 shares of the company’s stock, valued at approximately $18,058,400. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Bennett Medini sold 2,125 shares of Chubb stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $153.72, for a total value of $326,655.00. Following the completion of the transaction, the insider now directly owns 89,534 shares of the company’s stock, valued at $13,763,166.48. The disclosure for this sale can be found here. Insiders have sold a total of 25,625 shares of company stock valued at $4,037,880 over the last three months. Corporate insiders own 0.47% of the company’s stock.

A number of brokerages have weighed in on CB. Raymond James restated a “strong-buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Chubb in a report on Friday, July 5th. Wells Fargo & Co lifted their price target on Chubb from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday. UBS Group lifted their price target on Chubb from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Morgan Stanley lifted their price target on Chubb from $154.00 to $163.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Finally, Atlantic Securities lowered Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 price target on the stock. in a report on Thursday, June 20th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Chubb has an average rating of “Hold” and a consensus price target of $153.91.

Shares of NYSE:CB traded up $1.61 during midday trading on Wednesday, reaching $157.09. 36,634 shares of the company’s stock were exchanged, compared to its average volume of 1,506,571. The firm’s 50 day simple moving average is $158.24 and its two-hundred day simple moving average is $149.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market cap of $73.86 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.56 and a beta of 0.70. Chubb Ltd has a fifty-two week low of $119.54 and a fifty-two week high of $162.44.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.02. The firm had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.65 billion. Chubb had a return on equity of 8.53% and a net margin of 11.00%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $2.68 EPS. Equities research analysts predict that Chubb Ltd will post 10.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, September 19th. Chubb’s payout ratio is 31.78%.

Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

Featured Article: How is the LIBOR rate calculated?

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Ltd (NYSE:CB).

Institutional Ownership by Quarter for Chubb (NYSE:CB)

Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.