CCM Investment Advisers LLC Has $14.18 Million Position in Chubb Limited (NYSE:CB)

CCM Investment Advisers LLC lessened its stake in shares of Chubb Limited (NYSE:CB) by 4.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 49,164 shares of the financial services provider’s stock after selling 2,466 shares during the period. CCM Investment Advisers LLC’s holdings in Chubb were worth $14,178,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Beacon Capital Management LLC increased its stake in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in Chubb during the first quarter worth about $25,000. Chilton Capital Management LLC acquired a new position in Chubb during the second quarter worth approximately $26,000. Wellington Shields Capital Management LLC bought a new stake in Chubb in the first quarter valued at approximately $29,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Chubb in the second quarter valued at approximately $32,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Up 0.7 %

CB stock opened at $284.70 on Friday. The company has a market cap of $115.06 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52 week low of $205.64 and a 52 week high of $294.18. The business has a 50-day simple moving average of $281.82 and a 200 day simple moving average of $266.43.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.92 EPS. Sell-side analysts anticipate that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s payout ratio is presently 15.38%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CB shares. Royal Bank of Canada boosted their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. JMP Securities raised 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. Roth Mkm upped their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group increased their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $282.37.

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.