Chubb Limited (NYSE:CB) shares sold by Wright Investors Service Inc.

Wright Investors Service Inc. cut its stake in Chubb Limited (NYSE:CB – Free Report) by 0.5% in the third quarter, Holdings Channel.com reports. The fund owned 9,396 shares of the financial services provider’s stock after selling 47 shares during the quarter. Holdings held by Wright Investors Service Inc. in Chubb were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have recently bought and sold shares of the company. Harbor Investment Advisory LLC grew its position in shares of Chubb by 34.4% during the third quarter. Harbor Investment Advisory LLC now owns 2,381 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 610 shares during the last quarter. Central Valley Advisors LLC grew its position in Chubb by 3.9% in the 3rd quarter. Central Valley Advisors LLC now owns 7,620 shares of the financial services provider’s stock worth $2,198,000 after buying an additional 283 shares. shares in the last quarter. Goelzer Investment Management Inc. raised its stake in Chubb by 4.5% in the third quarter. Goelzer Investment Management Inc. now owns 1,214 shares of the financial services provider’s stock valued at $350,000 after buying an additional 52 shares during the period. Regency Capital Management Inc. DE boosted its holdings in shares of Chubb by 27.4% in the third quarter. Regency Capital Management Inc. DE now owns 33,876 shares of the financial services provider’s stock valued at $9,770,000 after purchasing an additional 7,284 shares during the last quarter. Finally, MRA Advisory Group raised its stake in shares of Chubb by 8.5% during the third quarter. MRA Advisory Group now owns 1,405 shares of the financial services provider’s stock worth $405,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s shares.

Analysts on Wall Street are forecasting an increase

CB has been the subject of several analyst reports. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Roth Mkm upped their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. JMP Securities boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th . Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $276.79, according to MarketBeat.

See our latest report on CB

Chubb Price Performance

Chubb stock traded up $2.05 on Friday, reaching $290.59. The company’s stock had a trading volume of 967,956 shares, compared to its average volume of 1,631,693. The company has a quick ratio of 0.31, a current ratio of 0.31, and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $281.24 and a 200 day moving average price of $265.82. Chubb Limited has a 52-week low of $205.64 and a 52-week high of $294.18. The company has a market cap of $118.00 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. In the same quarter last year, the company earned $4.92 per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb announces dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date was Friday, September 13. This represents a dividend of $3.64 on an annualized basis and a dividend yield of 1.25%. Chubb’s dividend payout ratio (DPR) is 16.16%.

Insider activity at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The transaction represented a decrease of 0.00 % in the stock holding. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available via this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. The transaction represented a decrease of 0.00 % in the stock holding. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 over the last quarter. Insiders own 0.86% of the company’s shares.

About Chubb

(Free report)

Chubb Limited offers insurance and reinsurance products worldwide. The company’s North American P&C commercial insurance segment offers commercial property, casualty, workers’ compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, warranty and casualty; and group accident and health insurance for large, medium and small commercial businesses.

Featured stories

Want to see what other hedge funds own CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB – Free Report).

Get news and reviews for Chubb Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Chubb and related companies with MarketBeat.com’s FREE daily email newsletter.