Chubb Limited $CB Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC lessened its position in Chubb Limited (NYSE:CB) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,673 shares of the financial services provider’s stock after selling 10,908 shares during the period. Boston Common Asset Management LLC’s holdings in Chubb were worth $22,214,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Talbot Financial LLC increased its stake in Chubb by 20.3% during the 2nd quarter. Talbot Financial LLC now owns 64,468 shares of the financial services provider’s stock valued at $18,678,000 after buying an additional 10,885 shares during the period. Clarius Group LLC increased its stake in Chubb by 23.0% during the 2nd quarter. Clarius Group LLC now owns 2,974 shares of the financial services provider’s stock valued at $862,000 after buying an additional 557 shares during the period. Financial Insights Inc. increased its stake in Chubb by 7.4% during the 2nd quarter. Financial Insights Inc. now owns 899 shares of the financial services provider’s stock valued at $260,000 after buying an additional 62 shares during the period. Penobscot Investment Management Company Inc. increased its stake in Chubb by 0.5% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 8,602 shares of the financial services provider’s stock valued at $2,492,000 after buying an additional 45 shares during the period. Finally, Pflug Koory LLC increased its stake in Chubb by 14.2% during the 2nd quarter. Pflug Koory LLC now owns 2,118 shares of the financial services provider’s stock valued at $614,000 after buying an additional 263 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other news, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director directly owned 2,450 shares in the company, valued at $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on CB shares. Citigroup started coverage on shares of Chubb in a research note on Wednesday, August 13th. They set a “buy” rating and a $326.00 target price on the stock. Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Saturday, September 27th. Finally, Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $303.24.

Chubb Stock Performance

Shares of CB opened at $283.99 on Friday. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company has a 50-day moving average of $274.76 and a two-hundred day moving average of $282.15. The stock has a market cap of $113.22 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 3.20 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. During the same period last year, the company posted $5.38 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is presently 17.12%.

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.