Chubb Limited (NYSE:CB) Holdings Decreased by NorthRock Partners LLC

NorthRock Partners LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 18.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,247 shares of the financial services provider’s stock after selling 283 shares during the quarter. NorthRock Partners LLC’s holdings in Chubb were worth $360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ORG Partners LLC acquired a new position in Chubb during the second quarter worth about $963,000. Edgestream Partners L.P. acquired a new position in Chubb during the first quarter worth about $984,000. Leuthold Group LLC acquired a new position in Chubb during the first quarter worth about $3,033,000. Private Advisor Group LLC grew its holdings in Chubb by 21.2% during the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after acquiring an additional 2,250 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Chubb during the first quarter worth about $961,000. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 over the last three months. 0.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CB has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Piper Sandler lifted their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods lifted their price target on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group lifted their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Roth Mkm lifted their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $287.37.

Chubb Stock Up 0.4 %

CB opened at $277.29 on Wednesday. The business has a 50 day moving average price of $288.24 and a 200 day moving average price of $271.41. Chubb Limited has a twelve month low of $216.26 and a twelve month high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $111.78 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 6.52 and a beta of 0.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the company earned $4.95 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts forecast that Chubb Limited will post 21.6 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.31%. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.