Chubb Limited (NYSE:CB) Stock Holdings Trimmed by Parthenon LLC

Parthenon LLC lowered its holdings in shares of Chubb Limited (NYSE:CB) by 12.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,027 shares of the financial services provider’s stock after selling 147 shares during the period. Parthenon LLC’s holdings in Chubb were worth $232,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CB. MCF Advisors LLC grew its holdings in shares of Chubb by 4.2% in the 4th quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 42 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Chubb by 5.2% in the 4th quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 44 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of Chubb by 0.9% in the 4th quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock worth $1,155,000 after acquiring an additional 44 shares during the last quarter. Sfmg LLC grew its holdings in shares of Chubb by 3.0% in the 4th quarter. Sfmg LLC now owns 1,533 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 45 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its holdings in shares of Chubb by 3.9% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.2 %

Shares of CB traded down $0.60 on Tuesday, reaching $248.62. 1,862,883 shares of the company’s stock were exchanged, compared to its average volume of 1,755,866. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $100.94 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The business has a 50 day moving average price of $252.26 and a two-hundred day moving average price of $236.43. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the prior year, the firm earned $4.41 earnings per share. The business’s quarterly revenue was up 14.1% on a year-over-year basis. Research analysts anticipate that Chubb Limited will post 21.17 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.27%.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 over the last quarter. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CB has been the subject of several research reports. The Goldman Sachs Group raised their price target on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. HSBC restated a “hold” rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Piper Sandler restated an “overweight” rating and set a $282.00 price target on shares of Chubb in a report on Monday, April 1st. Royal Bank of Canada cut their price target on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, TD Cowen started coverage on shares of Chubb in a report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $266.89.

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.