Saxon Interests Inc. Sells 177 Shares of Chubb Limited (NYSE:CB)

Saxon Interests Inc. decreased its holdings in Chubb Limited (NYSE:CB) by 3.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,453 shares of the financial services provider’s stock after selling 177 shares during the quarter. Saxon Interests Inc.’s holdings in Chubb were worth $1,284,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CB. Beacon Capital Management LLC boosted its holdings in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in Chubb during the first quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new stake in Chubb in the second quarter valued at approximately $26,000. Wellington Shields Capital Management LLC purchased a new position in Chubb in the first quarter worth $29,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Chubb during the second quarter worth $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.8 %

NYSE CB traded up $2.27 on Wednesday, reaching $282.23. The stock had a trading volume of 190,182 shares, compared to its average volume of 1,627,011. 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 stock has a fifty day moving average price of $281.42 and a two-hundred day moving average price of $266.19. Chubb Limited has a 12-month low of $205.64 and a 12-month high of $294.18. The firm has a market capitalization of $114.60 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the previous year, the business earned $4.92 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.29%. Chubb’s dividend payout ratio is presently 16.16%.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred on 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 directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CB. Bank of America cut Chubb from a “neutral” rating to an “underperform” rating and raised their price objective for the stock from $264.00 to $275.00 in a research report on Friday, October 4th. Morgan Stanley dropped their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Barclays began coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Royal Bank of Canada lifted their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods upped their target price on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $280.22.

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.