Chubb Limited (NYSE:CB) Shares Sold by USA Financial Formulas

USA Financial Formulas cut its position in Chubb Limited (NYSE:CB - Free Report) by 63.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,430 shares of the financial services provider's stock after selling 4,219 shares during the period. USA Financial Formulas' holdings in Chubb were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. MGO One Seven LLC boosted its position in shares of Chubb by 8.4% during the 4th quarter. MGO One Seven LLC now owns 8,445 shares of the financial services provider's stock valued at $1,908,000 after acquiring an additional 653 shares during the last quarter. Ethic Inc. increased its holdings in shares of Chubb by 0.3% in the 4th quarter. Ethic Inc. now owns 35,127 shares of the financial services provider's stock worth $7,939,000 after buying an additional 114 shares during the last quarter. Chilton Investment Co. Inc. purchased a new stake in shares of Chubb during the 4th quarter valued at about $211,000. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Chubb by 1.3% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 98,158 shares of the financial services provider's stock valued at $22,184,000 after acquiring an additional 1,284 shares during the last quarter. Finally, Groupama Asset Managment purchased a new position in Chubb in the fourth quarter worth about $19,427,000. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael G. Atieh sold 261 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares of the company's stock, valued at $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by insiders.

Chubb Stock Up 0.7 %

Shares of CB traded up $1.87 during mid-day trading on Thursday, hitting $284.70. The company's stock had a trading volume of 1,055,366 shares, compared to its average volume of 1,629,362. The firm has a market capitalization of $115.61 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 5.74 and a beta of 0.66. The company's 50-day moving average is $281.56 and its 200-day moving average is $266.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52-week low of $205.64 and a 52-week high of $294.18.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to analysts' expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.92 EPS. On average, equities research analysts forecast that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb's dividend payout ratio is presently 16.16%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Chubb from $304.00 to $305.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Roth Mkm lifted their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Piper Sandler increased their target price on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, October 4th. JMP Securities lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada increased their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $282.37.

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.