11,479 Chubb Limited $CB Shares Sold by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC trimmed its stake in Chubb Limited (NYSE:CB) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 973,607 shares of the financial services provider’s stock after selling 11,479 shares during the quarter. Chubb makes up 56.1% of Mycio Wealth Partners LLC’s portfolio, making the stock its biggest holding. Mycio Wealth Partners LLC owned approximately 0.25% of Chubb worth $316,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Equitable Holdings Inc. purchased a new position in shares of Chubb during the second quarter valued at approximately $4,139,000. Berkshire Hathaway Inc acquired a new stake in Chubb during the second quarter worth approximately $11,670,067,000. XXEC Inc. purchased a new stake in Chubb in the 2nd quarter worth approximately $26,210,000. Douglas Lane & Associates LLC grew its stake in Chubb by 2,748.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 467,591 shares of the financial services provider’s stock worth $152,084,000 after acquiring an additional 451,173 shares during the period. Finally, Glenview Trust Co purchased a new stake in Chubb in the 2nd quarter worth approximately $11,147,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Up 0.0%

Shares of NYSE:CB opened at $365.07 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 1 year low of $282.99 and a 1 year high of $384.26. The stock has a market capitalization of $139.49 billion, a P/E ratio of 12.77, a PEG ratio of 1.69 and a beta of 0.29. The stock has a 50-day simple moving average of $346.04 and a 200-day simple moving average of $335.48.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, beating the consensus estimate of $6.77 by $0.89. The firm 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 quarter last year, the firm posted $7.49 earnings per share. Equities analysts forecast that Chubb Limited will post 28.89 earnings per share for the current year.

Chubb Dividend Announcement

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

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 13,889 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $360.02, for a total value of $5,000,317.78. Following the completion of the sale, the chief executive officer owned 277,274 shares of the company’s stock, valued at $99,824,185.48. This represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Connors sold 5,500 shares of the firm’s 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 transaction, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. This represents a 30.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,985 shares of company stock valued at $11,748,463 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group reissued a “neutral” rating and set a $380.00 price target on shares of Chubb in a research note on Monday, October 26th. TD Cowen increased their price objective on shares of Chubb from $360.00 to $379.00 and gave the stock a “hold” rating in a report on Wednesday, October 28th. HSBC reissued a “hold” rating and issued a $359.00 target price on shares of Chubb in a research report on Wednesday, October 7th. Mizuho raised their target price on shares of Chubb from $336.00 to $350.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $362.78.

Chubb Profile

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.