Chubb Limited $CB Stock Holdings Trimmed by First Horizon Advisors Inc.

by · The Markets Daily

First Horizon Advisors Inc. lowered its holdings in shares of Chubb Limited (NYSE:CBFree Report) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,645 shares of the financial services provider’s stock after selling 1,635 shares during the period. First Horizon Advisors Inc.’s holdings in Chubb were worth $12,066,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. TKG Advisors LLC raised its stake in Chubb by 2.7% during the 2nd quarter. TKG Advisors LLC now owns 1,849 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 48 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in Chubb by 10.9% during the 2nd quarter. Crestwood Advisors Group LLC now owns 2,657 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 262 shares in the last quarter. Homestead Advisers Corp raised its stake in Chubb by 0.3% during the 2nd quarter. Homestead Advisers Corp now owns 312,811 shares of the financial services provider’s stock valued at $90,628,000 after acquiring an additional 800 shares in the last quarter. NewSquare Capital LLC raised its stake in Chubb by 65.5% during the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 74 shares in the last quarter. Finally, Prosperity Consulting Group LLC raised its stake in Chubb by 53.5% during the 2nd quarter. Prosperity Consulting Group LLC now owns 1,800 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 627 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Chubb Stock Performance

Shares of NYSE CB opened at $285.63 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $112.41 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 2.74 and a beta of 0.54. The stock’s fifty day simple moving average is $278.14 and its 200 day simple moving average is $280.56. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91.

Chubb (NYSE:CBGet Free Report) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.72 EPS. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s payout ratio is currently 16.19%.

Analysts Set New Price Targets

CB has been the topic of several recent analyst reports. Evercore ISI lifted their target price on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Wells Fargo & Company boosted their price objective on Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $283.00 price objective on shares of Chubb in a research note on Thursday, October 23rd. Barclays boosted their price objective on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley dropped their price objective on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $307.79.

Check Out Our Latest Stock Analysis on CB

Chubb Company Profile

(Free Report)

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.

Further Reading

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