Chubb Limited (NYSE:CB) Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. cut its holdings in Chubb Limited (NYSE:CB - Free Report) by 19.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,610 shares of the financial services provider's stock after selling 2,582 shares during the period. Confluence Wealth Services Inc.'s holdings in Chubb were worth $3,060,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CB. Beacon Capital Management LLC boosted its position in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in Chubb during the first quarter valued at approximately $25,000. Kozak & Associates Inc. bought a new stake in shares of Chubb during the 3rd quarter valued at about $29,000. Chilton Capital Management LLC purchased a new stake in Chubb during the second quarter valued at about $26,000. Finally, Wellington Shields Capital Management LLC purchased a new position in shares of Chubb in the first quarter worth about $29,000. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Shares of Chubb stock traded down $5.03 during trading hours on Friday, reaching $277.41. 1,779,579 shares of the company's stock were exchanged, compared to its average volume of 1,328,846. The company has a market capitalization of $111.82 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. Chubb Limited has a 1 year low of $215.54 and a 1 year high of $302.05. The business has a fifty day moving average of $288.23 and a two-hundred day moving average of $271.01. The company has a quick ratio of 0.31, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.95 EPS. As a group, research analysts predict that Chubb Limited will post 21.6 earnings per share 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 given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, September 13th. Chubb's dividend payout ratio is currently 14.91%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company dropped their price target on Chubb from $269.00 to $266.00 and set an "equal weight" rating for the company in a research note on Thursday. Roth Mkm raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price target for the company. Piper Sandler upped their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada increased their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Two 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 stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $287.26.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the company's stock in a transaction dated 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 owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider John J. Lupica sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares of the company's stock, valued at $29,676,685.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm'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 position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 in the last 90 days. Company insiders own 0.86% of the company's stock.

About Chubb

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.