Chubb Limited $CB Position Reduced by denkapparat Operations GmbH

denkapparat Operations GmbH trimmed its position in Chubb Limited (NYSE:CB) by 27.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,012 shares of the financial services provider’s stock after selling 1,904 shares during the period. denkapparat Operations GmbH’s holdings in Chubb were worth $1,708,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in Chubb during the second quarter worth about $25,000. Dunhill Financial LLC bought a new stake in Chubb in the second quarter worth about $25,000. Parvin Asset Management LLC acquired a new stake in Chubb in the 2nd quarter valued at about $26,000. CBIZ Investment Advisory Services LLC lifted its holdings in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. Finally, Frazier Financial Advisors LLC boosted its position in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 38 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Chubb news, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents 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 owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CB shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $354.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Wells Fargo & Company reduced their target price on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. Morgan Stanley lifted their price target on shares of Chubb from $340.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Evercore restated an “outperform” rating and issued a $374.00 price target on shares of Chubb in a research report on Friday, July 10th. Finally, Atlantic Securities set a $301.00 price target on Chubb in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $361.00.

Chubb Price Performance

CB stock opened at $348.46 on Friday. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The firm has a 50-day moving average of $348.27 and a two-hundred day moving average of $334.40. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $134.44 billion, a PE ratio of 12.33, a P/E/G ratio of 1.62 and a beta of 0.37.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.14 earnings per share. On average, analysts forecast that Chubb Limited will post 27.35 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio is currently 14.43%.

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.