Chubb Limited $CB Shares Sold by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC reduced its holdings in Chubb Limited by 1.5%, now owning 176,863 shares valued at approximately $53.41 million.
• Several hedge funds have adjusted their positions in Chubb, with Brighton Jones LLC increasing its stake by 12.8% in the fourth quarter.
• Chubb recently declared a quarterly dividend of $0.97, set to be paid on October 3rd, representing an annualized yield of 1.4%.

Cambiar Investors LLC decreased its stake in Chubb Limited (NYSE:CB - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,863 shares of the financial services provider's stock after selling 2,637 shares during the period. Chubb makes up 2.3% of Cambiar Investors LLC's portfolio, making the stock its 9th largest holding. Cambiar Investors LLC's holdings in Chubb were worth $53,411,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Peoples Bank KS acquired a new stake in Chubb in the 1st quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chubb during the first quarter valued at about $25,000. North Capital Inc. bought a new stake in shares of Chubb in the first quarter valued at about $26,000. IMA Advisory Services Inc. bought a new stake in shares of Chubb in the first quarter valued at about $31,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Chubb by 391.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider's stock worth $36,000 after buying an additional 94 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Chubb stock traded up $5.6320 on Wednesday, reaching $279.4320. The company's stock had a trading volume of 2,438,563 shares, compared to its average volume of 1,802,989. The business's fifty day moving average price is $277.28 and its 200 day moving average price is $282.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $111.41 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 3.08 and a beta of 0.53. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $5.38 earnings per share. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, September 12th. Chubb's dividend payout ratio is presently 17.12%.

Chubb declared that its board has initiated a stock repurchase plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CB shares. UBS Group cut their price target on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Keefe, Bruyette & Woods raised their target price on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. HSBC cut shares of Chubb from a "buy" rating to a "hold" rating and lowered their target price for the company from $317.00 to $300.00 in a research note on Friday, August 1st. Barclays lowered Chubb from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Finally, Morgan Stanley dropped their target price on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating for the company in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $302.00.

Insider Activity

In other Chubb news, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Corbat bought 425 shares of the stock in a transaction dated Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The disclosure for this purchase can be found here. 0.86% of the stock is owned by insiders.

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.