Dixon Hubard Feinour & Brown Inc. VA lessened its holdings in Chubb Ltd (NYSE:CB) by 15.6% during the third quarter, HoldingsChannel reports. The firm owned 5,661 shares of the financial services provider’s stock after selling 1,043 shares during the quarter. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Chubb were worth $757,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Stokes Capital Advisors LLC boosted its holdings in shares of Chubb by 7.3% during the 2nd quarter. Stokes Capital Advisors LLC now owns 17,888 shares of the financial services provider’s stock valued at $2,272,000 after acquiring an additional 1,218 shares in the last quarter. Atria Investments LLC boosted its holdings in shares of Chubb by 9.9% during the 2nd quarter. Atria Investments LLC now owns 11,551 shares of the financial services provider’s stock valued at $1,467,000 after acquiring an additional 1,043 shares in the last quarter. Mcrae Capital Management Inc. boosted its holdings in shares of Chubb by 8.5% during the 2nd quarter. Mcrae Capital Management Inc. now owns 5,744 shares of the financial services provider’s stock valued at $730,000 after acquiring an additional 450 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Chubb during the 2nd quarter valued at $231,000. Finally, Liberty Capital Management Inc. boosted its holdings in shares of Chubb by 3.2% during the 2nd quarter. Liberty Capital Management Inc. now owns 21,233 shares of the financial services provider’s stock valued at $2,697,000 after acquiring an additional 662 shares in the last quarter. 85.89% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Timothy Alan Boroughs sold 14,971 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the completion of the transaction, the insider now directly owns 202,794 shares of the company’s stock, valued at approximately $28,263,399.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 227,994 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total value of $31,985,278.26. Following the transaction, the chief executive officer now directly owns 1,583,326 shares of the company’s stock, valued at $222,124,804.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 242,967 shares of company stock valued at $34,072,088. 0.44% of the stock is owned by corporate insiders.
Shares of NYSE:CB opened at $131.17 on Friday. The firm has a market cap of $60.72 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.32 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Ltd has a 12-month low of $120.50 and a 12-month high of $157.50.
Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.02. The business had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.63 billion. Chubb had a return on equity of 9.71% and a net margin of 15.37%. Chubb’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the company earned ($0.13) EPS. Analysts expect that Chubb Ltd will post 9.97 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on CB shares. Wells Fargo & Co reissued a “buy” rating and set a $169.00 price objective on shares of Chubb in a report on Tuesday, July 24th. Citigroup raised their price objective on Chubb from $151.00 to $157.00 and gave the company a “buy” rating in a report on Monday, July 30th. ValuEngine raised Chubb from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Credit Suisse Group started coverage on Chubb in a report on Tuesday, August 7th. They set a “neutral” rating and a $150.00 price objective on the stock. Finally, Deutsche Bank downgraded Chubb from a “hold” rating to a “sell” rating and cut their price objective for the company from $135.00 to $126.00 in a report on Monday, August 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Chubb has a consensus rating of “Hold” and a consensus target price of $158.56.
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Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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