Chubb Limited $CB Shares Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. decreased its position in shares of Chubb Limited (NYSE:CB) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,980 shares of the financial services provider’s stock after selling 250 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Chubb were worth $2,602,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. North Capital Inc. acquired a new position in Chubb during the first quarter worth approximately $26,000. IMA Advisory Services Inc. acquired a new position in Chubb during the first quarter worth approximately $31,000. 1248 Management LLC acquired a new position in Chubb during the first quarter worth approximately $31,000. WPG Advisers LLC acquired a new position in Chubb during the first quarter worth approximately $33,000. Finally, Clal Insurance Enterprises Holdings Ltd increased 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 during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CB shares. JPMorgan Chase & Co. lifted their price target on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Barclays lifted their price target on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Bank of America lifted their target price on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. Finally, Citigroup lifted their target price on Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $307.79.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. The trade was a 20.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

Chubb Trading Down 0.0%

Shares of CB stock opened at $277.92 on Friday. The business’s 50 day moving average is $277.81 and its two-hundred day moving average is $280.75. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The company has a market capitalization of $109.38 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the previous year, the business earned $5.72 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is presently 16.19%.

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.