Oldfield Partners LLP Sells 21,300 Shares of Chubb Limited (NYSE:CB)

Oldfield Partners LLP trimmed its position in Chubb Limited (NYSE:CB - Free Report) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,500 shares of the financial services provider's stock after selling 21,300 shares during the quarter. Chubb accounts for 16.7% of Oldfield Partners LLP's holdings, making the stock its biggest holding. Oldfield Partners LLP owned 0.12% of Chubb worth $123,735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Americana Partners LLC acquired a new stake in shares of Chubb during the 3rd quarter worth $292,000. Lazard Asset Management LLC grew its holdings in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider's stock worth $113,781,000 after purchasing an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its holdings in shares of Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider's stock worth $120,235,000 after purchasing an additional 324,019 shares in the last quarter. Graypoint LLC grew its holdings in shares of Chubb by 1,275.7% during the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider's stock worth $7,141,000 after purchasing an additional 29,302 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in shares of Chubb during the 4th quarter worth $1,403,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 34,464 shares of the firm's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the firm's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares of the company's stock, valued at $33,902,208.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,863 shares of company stock worth $28,007,307. 0.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CB has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their target price on Chubb from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. TD Cowen initiated coverage on Chubb in a report on Wednesday, January 10th. They set a "market perform" rating and a $254.00 target price on the stock. Citigroup reissued a "neutral" rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a report on Thursday, March 14th. Royal Bank of Canada reduced their target price on Chubb from $295.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. Finally, StockNews.com downgraded Chubb from a "buy" rating to a "hold" rating in a research report on Wednesday, April 24th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chubb has an average rating of "Moderate Buy" and an average target price of $266.89.

Chubb Trading Up 0.1 %

Chubb stock traded up $0.32 during trading hours on Thursday, hitting $250.25. The stock had a trading volume of 1,563,648 shares, compared to its average volume of 1,746,869. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a market cap of $101.62 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 1.17 and a beta of 0.63. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The business's 50 day simple moving average is $252.11 and its 200-day simple moving average is $236.62.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business's quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the company earned $4.41 earnings per share. On average, equities analysts predict that Chubb Limited will post 21.18 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.37%. Chubb's dividend payout ratio is presently 15.27%.

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.

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