Janus Henderson Group PLC Cuts Stake in Chubb Limited (NYSE:CB)

Janus Henderson Group PLC cut its stake in shares of Chubb Limited (NYSE:CB) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,985 shares of the financial services provider’s stock after selling 4,205 shares during the quarter. Janus Henderson Group PLC’s holdings in Chubb were worth $20,177,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. RFG Advisory LLC lifted its holdings in shares of Chubb by 7.9% during the second quarter. RFG Advisory LLC now owns 1,535 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 112 shares in the last quarter. Ballast Inc. raised its position in Chubb by 2.1% in the 2nd quarter. Ballast Inc. now owns 4,783 shares of the financial services provider’s stock worth $1,220,000 after buying an additional 99 shares during the last quarter. Occidental Asset Management LLC lifted its stake in Chubb by 5.8% during the 2nd quarter. Occidental Asset Management LLC now owns 10,722 shares of the financial services provider’s stock valued at $2,735,000 after acquiring an additional 586 shares during the period. Transform Wealth LLC boosted its holdings in shares of Chubb by 1.8% during the 2nd quarter. Transform Wealth LLC now owns 35,442 shares of the financial services provider’s stock valued at $9,071,000 after acquiring an additional 637 shares during the last quarter. Finally, Nepsis Inc. grew its stake in shares of Chubb by 5.1% in the second quarter. Nepsis Inc. now owns 70,802 shares of the financial services provider’s stock worth $18,060,000 after acquiring an additional 3,413 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the company’s 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 sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 5.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is owned by corporate insiders.

Chubb Trading Down 1.2 %

Shares of CB opened at $283.32 on Friday. The firm has a market cap of $114.21 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 6.62 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The company has a 50 day simple moving average of $286.88 and a two-hundred day simple moving average of $276.41.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $4.95 earnings per share. On average, equities analysts expect that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s dividend payout ratio is currently 14.91%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CB. Wells Fargo & Company increased their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Barclays initiated coverage on Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI upped their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $287.37.

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.