Berry Wealth Group LP lowered its stake in Chubb Limited (NYSE:CB - Free Report) by 23.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,612 shares of the financial services provider's stock after selling 4,461 shares during the period. Chubb accounts for 3.0% of Berry Wealth Group LP's holdings, making the stock its 10th largest holding. Berry Wealth Group LP's holdings in Chubb were worth $4,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of CB. Capital Research Global Investors grew its holdings in Chubb by 44.4% during the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider's stock worth $1,739,625,000 after acquiring an additional 2,064,730 shares during the last quarter. Capital World Investors grew its stake in shares of Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider's stock worth $2,849,677,000 after purchasing an additional 685,677 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Chubb by 14.8% in the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider's stock valued at $918,294,000 after purchasing an additional 457,881 shares during the period. Troy Asset Management Ltd bought a new position in Chubb during the 2nd quarter worth $106,975,000. Finally, Van Lanschot Kempen Investment Management N.V. acquired a new position in Chubb during the 2nd quarter worth about $93,411,000. Institutional investors own 83.81% of the company's stock.
Insiders Place Their Bets
In other Chubb news, insider John J. Lupica sold 15,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Evan G. Greenberg sold 30,318 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares of the company's stock, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 15,000 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the sale, the insider now owns 103,950 shares of the company's stock, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 in the last three months. 0.86% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. JMP Securities restated a "market outperform" rating and set a $300.00 price objective on shares of Chubb in a research report on Tuesday, October 15th. Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their price objective on shares of Chubb from $255.00 to $269.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Piper Sandler lifted their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Finally, William Blair cut shares of Chubb from a "market perform" rating to an "underperform" rating in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Chubb has a consensus rating of "Hold" and an average price target of $282.37.
Get Our Latest Stock Analysis on CB
Chubb Stock Down 1.2 %
Shares of NYSE CB traded down $3.75 during mid-day trading on Monday, reaching $297.91. 1,054,675 shares of the company's stock traded hands, compared to its average volume of 1,615,910. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Limited has a 1-year low of $205.64 and a 1-year high of $302.05. The stock has a market cap of $120.97 billion, a P/E ratio of 13.22, a PEG ratio of 5.87 and a beta of 0.66. The business has a 50-day simple moving average of $285.39 and a 200 day simple moving average of $268.41.
Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts' consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same period in the previous year, the company posted $4.92 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts expect that Chubb Limited will post 21.32 EPS for the current fiscal year.
Chubb Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, September 13th. Chubb's dividend payout ratio (DPR) is presently 16.16%.
Chubb 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.
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