Chubb Limited $CB Shares Sold by South Dakota Investment Council

South Dakota Investment Council decreased its holdings in Chubb Limited (NYSE:CB) by 20.3% in the 1st quarter, Holdings Channel reports. The firm owned 8,714 shares of the financial services provider’s stock after selling 2,220 shares during the period. South Dakota Investment Council’s holdings in Chubb were worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $205,000. Woodline Partners LP boosted its stake in shares of Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after buying an additional 1,449 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after buying an additional 175 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Chubb by 9.3% during the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after buying an additional 17,155 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $350.31 on Friday. The company has a 50-day simple moving average of $337.87 and a 200-day simple moving average of $328.58. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $135.15 billion, a PE ratio of 12.39, a P/E/G ratio of 1.79 and a beta of 0.40. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.91.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $6.14 earnings per share. Equities research analysts predict that Chubb Limited will post 27.4 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is 14.43%.

Analyst Upgrades and Downgrades

CB has been the topic of several recent research reports. Morgan Stanley boosted their price target on Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. boosted their target price on Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Barclays set a $387.00 target price on Chubb in a report on Tuesday, July 7th. Finally, Evercore reaffirmed an “outperform” rating and set a $374.00 price target on shares of Chubb in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chubb currently has a consensus rating of “Hold” and an average target price of $360.09.

Insider Buying and Selling

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by company insiders.

About Chubb

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.