Axa S.A. Sells 17,005 Shares of Chubb Limited (NYSE:CB)

AXA S.A. cut its stake in Chubb Limited (NYSE:CB - Free Report) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,468 shares of the financial services provider's stock after selling 17,005 shares during the period. AXA S.A.'s holdings in Chubb were worth $11,734,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Demars Financial Group LLC lifted its position in shares of Chubb by 26,761.4% during the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after acquiring an additional 5,340,499 shares during the last quarter. Norges Bank acquired a new stake in shares of Chubb during the fourth quarter worth $1,169,720,000. Raymond James Financial Inc. purchased a new stake in shares of Chubb during the fourth quarter valued at $1,158,897,000. GQG Partners LLC boosted its position in shares of Chubb by 36.3% in the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock valued at $1,223,932,000 after purchasing an additional 1,178,628 shares during the period. Finally, Beutel Goodman & Co Ltd. increased its stake in Chubb by 1,007,698.0% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider's stock worth $278,454,000 after purchasing an additional 1,007,698 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO George F. Ohsiek sold 763 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by insiders.

Chubb Stock Up 0.3 %

Shares of CB traded up $0.95 during trading hours on Friday, hitting $289.92. 834,064 shares of the company were exchanged, compared to its average volume of 1,626,810. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market cap of $116.18 billion, a PE ratio of 12.76, a PEG ratio of 3.36 and a beta of 0.57. The firm's 50 day moving average is $288.34 and its 200-day moving average is $280.82. Chubb Limited has a 52 week low of $251.42 and a 52 week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. On average, equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio (DPR) is 17.52%.

Analyst Ratings Changes

Several equities research analysts recently commented on CB shares. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Wells Fargo & Company upped their price target on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. UBS Group upped their target price on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $307.86.

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.