Chubb Limited $CB Shares Sold by Troy Asset Management Ltd

Troy Asset Management Ltd decreased its holdings in Chubb Limited (NYSE:CB) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 791,682 shares of the financial services provider’s stock after selling 1,745 shares during the quarter. Chubb accounts for approximately 5.7% of Troy Asset Management Ltd’s holdings, making the stock its 6th largest position. Troy Asset Management Ltd owned approximately 0.20% of Chubb worth $223,452,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Harbor Capital Advisors Inc. boosted its holdings in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares during the period. VSM Wealth Advisory LLC bought a new position in Chubb during the second quarter valued at about $32,000. Cornerstone Planning Group LLC grew its holdings in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new stake in Chubb in the third quarter worth about $34,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research report on Tuesday. Roth Mkm increased their target price on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Piper Sandler lifted their price target on shares of Chubb from $283.00 to $319.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Citigroup upped their price target on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Bank of America reduced their price objective on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $340.09.

Chubb Price Performance

Shares of NYSE:CB opened at $324.57 on Friday. The company has a market cap of $127.73 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 2.07 and a beta of 0.49. The company’s fifty day moving average is $310.71 and its two-hundred day moving average is $291.22. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $263.14 and a 12-month high of $335.60.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same period in the previous year, the firm earned $6.02 earnings per share. Chubb’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is presently 15.08%.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the transaction, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 54,307 shares of company stock worth $17,611,016. Company insiders own 0.77% of the company’s stock.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.