Mediolanum International Funds Ltd Sells 10,149 Shares of Chubb Limited $CB

Mediolanum International Funds Ltd decreased its position in Chubb Limited (NYSE:CB) by 17.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,289 shares of the financial services provider’s stock after selling 10,149 shares during the period. Mediolanum International Funds Ltd’s holdings in Chubb were worth $16,036,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cherry Tree Wealth Management LLC raised its stake in shares of Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after buying an additional 31 shares during the period. Phillips Wealth Planners LLC lifted its position in shares of Chubb by 1.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after buying an additional 31 shares during the last quarter. Hoxton Planning & Management LLC grew its stake in shares of Chubb by 4.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 31 shares during the period. Kathmere Capital Management LLC grew its stake in shares of Chubb by 2.7% during the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 34 shares during the period. Finally, Wright Investors Service Inc. increased its holdings in Chubb by 0.7% in the 4th quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock worth $1,538,000 after acquiring an additional 34 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

NYSE:CB opened at $352.07 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. The firm has a market cap of $136.55 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.82 and a beta of 0.40. The business’s fifty day moving average is $332.32 and its 200 day moving average is $325.76.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion for the quarter. Research analysts predict that Chubb Limited will post 26.75 EPS for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s payout ratio is currently 14.41%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CB. Atlantic Securities set a $301.00 price objective on Chubb in a research note on Wednesday. Jefferies Financial Group cut their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Wells Fargo & Company lifted their target price on shares of Chubb from $333.00 to $358.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Finally, Citizens Jmp upped their price target on shares of Chubb from $365.00 to $400.00 and gave the company a “market outperform” rating in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average price target of $357.73.

Insider Activity

In other news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.37% 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.