Chubb Limited (NYSE:CB) Holdings Decreased by Centaurus Financial Inc.

Centaurus Financial Inc. reduced its holdings in Chubb Limited (NYSE:CB) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,894 shares of the financial services provider’s stock after selling 37 shares during the period. Centaurus Financial Inc.’s holdings in Chubb were worth $1,411,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CB. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb in the first quarter worth approximately $25,000. Beacon Capital Management LLC increased its stake in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC purchased a new stake in Chubb in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb during the 2nd quarter valued at $28,000. Finally, Kozak & Associates Inc. purchased a new position in shares of Chubb during the 3rd quarter valued at $29,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CB. JMP Securities increased their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Bank of America boosted their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price for the company. Finally, Keefe, Bruyette & Woods raised their price target on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $287.37.

Chubb Stock Performance

CB opened at $285.21 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average price is $287.46 and its two-hundred day moving average price is $274.58. The firm has a market capitalization of $114.97 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 6.65 and a beta of 0.67. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the company posted $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Chubb Limited will post 21.77 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This trade represents a 5.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,715 shares of company stock worth $23,803,540. Company insiders own 0.86% of the company’s stock.

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.