Chubb Limited $CB Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC trimmed its stake in shares of Chubb Limited (NYSE:CB) by 91.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125 shares of the financial services provider’s stock after selling 1,303 shares during the period. Interchange Capital Partners LLC’s holdings in Chubb were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Brighton Jones LLC grew its holdings in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Chubb during the fourth quarter worth about $205,000. GAMMA Investing LLC grew its holdings in Chubb by 22.3% during the first quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock worth $2,084,000 after acquiring an additional 1,258 shares during the period. Exchange Traded Concepts LLC grew its holdings in Chubb by 9.4% during the first quarter. Exchange Traded Concepts LLC now owns 3,541 shares of the financial services provider’s stock worth $1,069,000 after acquiring an additional 305 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in Chubb during the first quarter worth about $660,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares in the company, valued at $661,010. The trade was a 20.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and set a $283.00 price target (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. UBS Group lowered their price target on Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Evercore ISI increased their price target on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group increased their price target on Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Finally, HSBC downgraded Chubb from a “buy” rating to a “hold” rating and lowered their price target for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $305.28.

Chubb Stock Performance

NYSE CB opened at $278.71 on Thursday. The company has a market cap of $111.12 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54. The stock’s 50 day simple moving average is $277.49 and its 200-day simple moving average is $281.70. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $5.38 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 17.12%.

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.