River Road Asset Management LLC Sells 2,607 Shares of Chubb Limited (NYSE:CB)

River Road Asset Management LLC lessened its holdings in Chubb Limited (NYSE:CB) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,805 shares of the financial services provider’s stock after selling 2,607 shares during the quarter. River Road Asset Management LLC’s holdings in Chubb were worth $17,536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pathway Financial Advisers LLC bought a new position in Chubb during the 1st quarter worth $25,000. Beacon Capital Management LLC grew its holdings in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Chubb during the 2nd quarter worth $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb in the second quarter valued at about $28,000. Finally, Wellington Shields Capital Management LLC bought a new stake in Chubb during the first quarter worth about $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Down 0.5 %

NYSE CB opened at $276.08 on Tuesday. The firm has a market capitalization of $111.29 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 6.52 and a beta of 0.67. The business’s 50-day moving average price is $288.24 and its two-hundred day moving average price is $271.22. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $216.26 and a 12 month high of $302.05.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.95 EPS. On average, analysts expect that Chubb Limited will post 21.6 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.32%. Chubb’s payout ratio is 14.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Chubb from $269.00 to $266.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Bank of America boosted their price objective 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. Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Roth Mkm boosted their price target on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, JMP Securities raised their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average target price of $287.26.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently 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.