Corbyn Investment Management Inc. MD Sells 117 Shares of Chubb Limited (NYSE:CB)

Corbyn Investment Management Inc. MD decreased its stake in shares of Chubb Limited (NYSE:CB) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,428 shares of the financial services provider’s stock after selling 117 shares during the quarter. Chubb makes up 2.0% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 18th largest position. Corbyn Investment Management Inc. MD’s holdings in Chubb were worth $4,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in Chubb by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after purchasing an additional 138,142 shares during the last quarter. Deutsche Bank AG raised its position in Chubb by 426.8% during the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after acquiring an additional 13,059,385 shares during the period. Northern Trust Corp raised its position in Chubb by 2.3% during the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock worth $878,815,000 after acquiring an additional 93,885 shares during the period. Raymond James & Associates raised its position in Chubb by 2.6% during the fourth quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after acquiring an additional 77,453 shares during the period. Finally, Boston Partners raised its position in shares of Chubb by 6.4% in the third quarter. Boston Partners now owns 2,850,197 shares of the financial services provider’s stock valued at $594,006,000 after buying an additional 170,774 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.1 %

CB traded up $0.21 during trading on Friday, reaching $246.17. The company had a trading volume of 683,175 shares, compared to its average volume of 1,737,123. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58. The company has a market cap of $99.94 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.14 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.35. The firm’s 50-day simple moving average is $252.44 and its 200 day simple moving average is $235.28.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.41 EPS. Equities research analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.40%. Chubb’s dividend payout ratio (DPR) is currently 15.27%.

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CB. JMP Securities reissued a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a report on Monday, April 15th. StockNews.com downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday. HSBC restated a “hold” rating and set a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. TD Cowen assumed coverage on shares of Chubb in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $266.89.

Chubb Company 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.