McElhenny Sheffield Capital Management LLC Lowers Position in Chubb Limited (NYSE:CB)

McElhenny Sheffield Capital Management LLC trimmed its position in Chubb Limited (NYSE:CB) by 9.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,408 shares of the financial services provider’s stock after selling 263 shares during the period. Chubb comprises 0.2% of McElhenny Sheffield Capital Management LLC’s investment portfolio, making the stock its 28th largest position. McElhenny Sheffield Capital Management LLC’s holdings in Chubb were worth $694,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Gilliland Jeter Wealth Management LLC increased its stake in shares of Chubb by 2.8% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 6,739 shares of the financial services provider’s stock valued at $1,943,000 after purchasing an additional 182 shares in the last quarter. Vest Financial LLC grew its stake in shares of Chubb by 7.4% in the 3rd quarter. Vest Financial LLC now owns 286,888 shares of the financial services provider’s stock worth $82,736,000 after buying an additional 19,691 shares during the last quarter. Nepsis Inc. grew its stake in shares of Chubb by 4.7% in the 3rd quarter. Nepsis Inc. now owns 74,125 shares of the financial services provider’s stock worth $21,377,000 after buying an additional 3,323 shares during the last quarter. Essex LLC bought a new position in Chubb during the 3rd quarter valued at approximately $264,000. Finally, CNB Bank raised its stake in Chubb by 10.6% during the third quarter. CNB Bank now owns 2,920 shares of the financial services provider’s stock valued at $842,000 after buying an additional 281 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last quarter. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

CB opened at $301.66 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a market cap of $122.49 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 5.87 and a beta of 0.66. The company’s 50 day moving average is $284.79 and its 200 day moving average is $268.09. Chubb Limited has a 12-month low of $205.64 and a 12-month high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $4.92 earnings per share. On average, equities research analysts predict that Chubb Limited will post 21.32 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s payout ratio is 16.16%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CB. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Morgan Stanley dropped their target price on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Bank of America raised their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. upped their price objective on Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $282.37.

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.