Chubb Limited $CB Stock Sold by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,165 shares of the financial services provider’s stock after selling 4,757 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Chubb were worth $10,462,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in Chubb in the 2nd quarter worth $25,000. Dunhill Financial LLC bought a new position in shares of Chubb during the 2nd quarter worth about $25,000. Parvin Asset Management LLC acquired a new position in shares of Chubb during the second quarter valued at about $26,000. Highland Investment Advisors LLC acquired a new position in shares of Chubb during the second quarter valued at about $26,000. Finally, Frazier Financial Advisors LLC raised its position in shares of Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chubb news, EVP Joseph Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The stock was 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 owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael P. 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 value of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent research reports. Weiss Ratings downgraded Chubb from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Mizuho cut their price target on Chubb from $347.00 to $336.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. JPMorgan Chase & Co. reduced their price objective on Chubb from $374.00 to $371.00 and set a “neutral” rating for the company in a research report on Friday, October 9th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Barclays set a $387.00 price objective on Chubb in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $358.36.

Chubb Price Performance

NYSE:CB opened at $359.51 on Friday. The firm has a market cap of $138.70 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.54 and a beta of 0.36. Chubb Limited has a 12 month low of $266.40 and a 12 month high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $340.44 and its two-hundred day moving average price is $336.38.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion for 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 company’s quarterly 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, equities analysts anticipate that Chubb Limited will post 27.72 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s payout ratio is presently 14.43%.

Chubb Profile

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.