Chubb Limited $CB Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. decreased its position in shares of Chubb Limited (NYSE:CB) by 13.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 112,137 shares of the financial services provider’s stock after selling 17,072 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Chubb were worth $31,651,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CB. Johnson Financial Group Inc. grew its position in Chubb by 1.9% in the 3rd quarter. Johnson Financial Group Inc. now owns 10,529 shares of the financial services provider’s stock worth $2,982,000 after purchasing an additional 195 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Chubb during the third quarter valued at approximately $11,114,000. Quantitative Investment Management LLC acquired a new position in shares of Chubb during the third quarter worth approximately $1,741,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Chubb by 138.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 332,979 shares of the financial services provider’s stock worth $93,983,000 after buying an additional 193,592 shares during the period. Finally, Invesco Ltd. grew its holdings in Chubb by 4.8% in the 3rd quarter. Invesco Ltd. now owns 2,364,812 shares of the financial services provider’s stock worth $667,468,000 after buying an additional 109,056 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays raised their target price on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research report on Thursday, January 8th. HSBC increased their price target on Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Jefferies Financial Group raised their price target on Chubb from $326.00 to $333.00 and gave the company a “hold” rating in a report on Thursday, February 5th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $350.00 price objective on shares of Chubb in a report on Wednesday, February 4th. Finally, Bank of America decreased their target price on shares of Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $340.81.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of CB stock traded up $1.23 during mid-day trading on Friday, hitting $330.79. 420,813 shares of the stock traded hands, compared to its average volume of 1,741,889. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The firm has a market cap of $129.06 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 2.02 and a beta of 0.46. The company’s 50-day simple moving average is $319.17 and its 200-day simple moving average is $299.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the prior year, the firm posted $6.02 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s dividend payout ratio is presently 15.08%.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.