Mercer Global Advisors Inc. ADV Sells 2,379 Shares of Chubb Limited (NYSE:CB)

Mercer Global Advisors Inc. ADV cut its stake in Chubb Limited (NYSE:CB - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,098 shares of the financial services provider's stock after selling 2,379 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Chubb were worth $21,578,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CB. Barclays PLC raised its stake in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Invst LLC lifted its stake in shares of Chubb by 6.0% in the third quarter. Invst LLC now owns 915 shares of the financial services provider's stock worth $264,000 after acquiring an additional 52 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Chubb during the 3rd quarter valued at approximately $4,805,000. Synovus Financial Corp increased its holdings in Chubb by 1.0% during the 3rd quarter. Synovus Financial Corp now owns 30,503 shares of the financial services provider's stock worth $8,797,000 after purchasing an additional 297 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Chubb by 14.0% during the 3rd quarter. Franklin Resources Inc. now owns 321,985 shares of the financial services provider's stock valued at $92,960,000 after buying an additional 39,428 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CB shares. Wells Fargo & Company boosted their price objective on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Raymond James reissued a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Jefferies Financial Group lifted their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $307.86.

Chubb Price Performance

Shares of NYSE CB traded up $1.23 during mid-day trading on Tuesday, reaching $289.06. The company had a trading volume of 1,055,217 shares, compared to its average volume of 1,625,011. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a one year low of $249.90 and a one year high of $306.91. The firm has a market cap of $115.83 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.36 and a beta of 0.57. The business's 50-day simple moving average is $288.11 and its 200 day simple moving average is $280.75.

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

Chubb Dividend Announcement

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

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now directly owns 78,422 shares in the company, valued at $23,120,374.04. This trade represents a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,470 shares of company stock worth $18,562,730. Insiders own 0.77% of the company's stock.

About Chubb

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.