Chubb Limited (NYSE:CB) Shares Sold by Argyle Capital Management Inc.

Argyle Capital Management Inc. reduced its stake in Chubb Limited (NYSE:CB) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,084 shares of the financial services provider’s stock after selling 1,337 shares during the period. Argyle Capital Management Inc.’s holdings in Chubb were worth $2,053,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CB. Americana Partners LLC acquired a new position in Chubb during the 3rd quarter worth $292,000. Lazard Asset Management LLC lifted its holdings in Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd grew its position in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after buying an additional 324,019 shares in the last quarter. Graypoint LLC increased its stake in Chubb by 1,275.7% during the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after buying an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC bought a new stake in shares of Chubb during the 4th quarter worth about $1,403,000. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Shares of NYSE CB traded down $0.51 during trading on Friday, reaching $245.45. The company had a trading volume of 1,565,900 shares, compared to its average volume of 1,523,435. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.35. The business’s 50 day moving average price is $252.33 and its 200-day moving average price is $235.88. The stock has a market cap of $99.65 billion, a PE ratio of 10.89, a PEG ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.41 EPS. Analysts expect that Chubb Limited will post 21.17 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. Chubb’s dividend payout ratio is presently 15.27%.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CB shares. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their target price on Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group boosted their price target on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada reduced their price objective on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Raymond James boosted their target price on shares of Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $266.89.

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.