Okabena Investment Services Inc. Sells 1,400 Shares of Chubb Limited (NYSE:CB)

Okabena Investment Services Inc. lessened its holdings in Chubb Limited (NYSE:CB) by 44.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,747 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. Okabena Investment Services Inc.’s holdings in Chubb were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CB. Beacon Capital Management LLC boosted its position in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb during the 1st quarter worth $25,000. Kozak & Associates Inc. purchased a new stake in shares of Chubb during the 3rd quarter worth $29,000. Chilton Capital Management LLC bought a new stake in Chubb during the second quarter valued at about $26,000. Finally, Kimelman & Baird LLC purchased a new position in Chubb in the second quarter valued at about $32,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CB shares. Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Bank of America upped their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Trading Up 0.0 %

NYSE CB opened at $285.21 on Friday. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $114.97 billion, a PE ratio of 11.68, a P/E/G ratio of 6.65 and a beta of 0.67. The company has a fifty day moving average of $287.46 and a 200 day moving average of $274.42.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.95 EPS. Research analysts forecast that Chubb Limited will post 21.77 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. This represents a 12.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction on 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 sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 5.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock worth $23,803,540 in the last three months. Company insiders own 0.86% of the company’s stock.

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.