KRS Capital Management LLC Decreases Stock Holdings in Chubb Limited (NYSE:CB)

KRS Capital Management LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,743 shares of the financial services provider’s stock after selling 89 shares during the quarter. Chubb comprises about 0.8% of KRS Capital Management LLC’s investment portfolio, making the stock its 26th largest position. KRS Capital Management LLC’s holdings in Chubb were worth $970,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. increased its position in Chubb by 5.5% during the third quarter. Mather Group LLC. now owns 4,130 shares of the financial services provider’s stock valued at $860,000 after acquiring an additional 217 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Chubb by 20.5% during the third quarter. Tower Research Capital LLC TRC now owns 14,901 shares of the financial services provider’s stock valued at $3,102,000 after acquiring an additional 2,534 shares during the last quarter. Bank of Nova Scotia increased its position in Chubb by 25.5% during the third quarter. Bank of Nova Scotia now owns 260,810 shares of the financial services provider’s stock valued at $54,296,000 after acquiring an additional 52,937 shares during the last quarter. Toronto Dominion Bank bought a new position in Chubb during the third quarter valued at $60,593,000. Finally, Ancora Advisors LLC increased its position in Chubb by 51.2% during the third quarter. Ancora Advisors LLC now owns 771 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 261 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $255.07 on Friday. The stock has a market capitalization of $103.57 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 6.29 and a beta of 0.66. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $275.41. The firm’s 50 day simple moving average is $259.30 and its 200-day simple moving average is $248.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $4.41 EPS. Analysts expect that Chubb Limited will post 21.15 EPS for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.43%. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Analysts Set New Price Targets

CB has been the topic of a number of research analyst reports. Bank of America upgraded shares of Chubb from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $244.00 to $266.00 in a report on Thursday, May 23rd. Piper Sandler reiterated an “overweight” rating and set a $282.00 target price on shares of Chubb in a report on Monday, April 1st. HSBC reiterated a “hold” rating and set a $270.00 target price (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. Evercore ISI increased their price target on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley increased their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $266.70.

Insider Activity at Chubb

In related news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,552 shares of company stock valued at $12,149,985. 0.86% of the stock is owned by company insiders.

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.