AMP Capital Investors Ltd lessened its position in Chubb Ltd (NYSE:CB) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,289 shares of the financial services provider’s stock after selling 16,307 shares during the period. AMP Capital Investors Ltd’s holdings in Chubb were worth $17,312,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. WCM Investment Management CA increased its position in Chubb by 94.4% during the first quarter. WCM Investment Management CA now owns 23,004,754 shares of the financial services provider’s stock worth $3,146,362,000 after purchasing an additional 11,169,592 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Chubb during the second quarter worth approximately $95,936,000. CI Global Investments Inc. increased its position in Chubb by 72.9% during the first quarter. CI Global Investments Inc. now owns 1,753,343 shares of the financial services provider’s stock worth $239,805,000 after purchasing an additional 739,045 shares during the last quarter. American Century Companies Inc. increased its position in Chubb by 12.3% during the second quarter. American Century Companies Inc. now owns 4,610,946 shares of the financial services provider’s stock worth $585,682,000 after purchasing an additional 504,768 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Chubb by 3.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 13,848,022 shares of the financial services provider’s stock worth $1,758,976,000 after purchasing an additional 488,028 shares during the last quarter. 85.80% of the stock is owned by institutional investors and hedge funds.

CB opened at $136.61 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. Chubb Ltd has a 52-week low of $123.96 and a 52-week high of $157.50. The company has a market cap of $63.62 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.06. Chubb had a net margin of 11.53% and a return on equity of 7.41%. The company had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.30 billion. During the same period in the previous year, the firm earned $2.50 earnings per share. Chubb’s revenue for the quarter was up 5.6% on a year-over-year basis. research analysts predict that Chubb Ltd will post 10.41 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Friday, September 21st will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $2.92 annualized dividend and a yield of 2.14%. Chubb’s dividend payout ratio is currently 36.36%.

Several brokerages recently commented on CB. ValuEngine raised shares of Chubb from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Citigroup dropped their price target on shares of Chubb from $157.00 to $151.00 and set a “buy” rating for the company in a research report on Thursday, July 12th. Atlantic Securities raised shares of Chubb from an “underweight” rating to a “neutral” rating in a research report on Wednesday, June 27th. Finally, Barclays dropped their price target on shares of Chubb from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, July 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $160.09.

About Chubb

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

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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