Chubb Limited $CB Stock Holdings Cut by Ethic Inc.

Ethic Inc. trimmed its holdings in Chubb Limited (NYSE:CB) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,281 shares of the financial services provider’s stock after selling 1,492 shares during the period. Ethic Inc.’s holdings in Chubb were worth $17,980,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. IMG Wealth Management Inc. bought a new position in shares of Chubb during the 2nd quarter valued at $25,000. Dunhill Financial LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at $25,000. Parvin Asset Management LLC bought a new stake in Chubb in the second quarter worth $26,000. Highland Investment Advisors LLC bought a new stake in Chubb in the second quarter worth $26,000. Finally, Frazier Financial Advisors LLC boosted its holdings in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of several analyst reports. Piper Sandler increased their target price on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price target on Chubb from $371.00 to $374.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Keefe, Bruyette & Woods lowered their price objective on Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a report on Monday, October 12th. Citizens Jmp reissued a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Finally, UBS Group restated a “neutral” rating and issued a $380.00 target price on shares of Chubb in a report on Monday, October 26th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $362.78.

Chubb Price Performance

NYSE CB opened at $365.07 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $346.04 and a 200 day simple moving average of $335.48. The company has a market cap of $139.49 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.69 and a beta of 0.29. Chubb Limited has a 1 year low of $282.99 and a 1 year high of $384.26.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. The business had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same period last year, the business posted $7.49 EPS. On average, sell-side analysts predict that Chubb Limited will post 28.89 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, September 11th. Chubb’s dividend payout ratio is 14.28%.

Insider Buying and Selling at Chubb

In other news, CEO Evan Greenberg sold 13,889 shares of Chubb stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $360.02, for a total value of $5,000,317.78. Following the transaction, the chief executive officer directly owned 277,274 shares in the company, valued at approximately $99,824,185.48. The trade was a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Boroughs sold 13,596 shares of the business’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $356.77, for a total value of $4,850,644.92. Following the transaction, the executive vice president directly owned 5,588 shares of the company’s stock, valued at $1,993,630.76. This represents a 70.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 32,985 shares of company stock worth $11,748,463 over the last ninety days. Company insiders own 0.37% of the company’s stock.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions.

The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.

Chubb’s current corporate history dates to 2016, when ACE Limited acquired The Chubb Corporation and adopted the Chubb name.