Chubb Limited (NYSE:CB) Stock Holdings Trimmed by United Asset Strategies Inc.

United Asset Strategies Inc. reduced its position in Chubb Limited (NYSE:CB) by 2.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,039 shares of the financial services provider’s stock after selling 63 shares during the period. United Asset Strategies Inc.’s holdings in Chubb were worth $876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Beacon Capital Management LLC grew its holdings in shares of Chubb by 76.4% during the second 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 during the last quarter. Pathway Financial Advisers LLC bought a new position in shares of Chubb during the first quarter valued at approximately $25,000. Kozak & Associates Inc. bought a new position in shares of Chubb during the third quarter valued at approximately $29,000. Chilton Capital Management LLC bought a new position in shares of Chubb during the second quarter valued at approximately $26,000. Finally, Wellington Shields Capital Management LLC bought a new position in shares of Chubb during the first quarter valued at approximately $29,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Down 0.4 %

Shares of Chubb stock opened at $282.44 on Friday. The stock’s fifty day moving average is $288.20 and its 200-day moving average is $270.41. The firm has a market capitalization of $114.14 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $212.82 and a 12-month high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.93 by $0.79. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.95 earnings per share. Equities analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, September 13th. Chubb’s payout ratio is 14.91%.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was 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 owns 553,664 shares in the company, valued at $160,341,094.40. The trade was 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 the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,636 shares of company stock valued at $24,874,208. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JMP Securities upped their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday. Wells Fargo & Company decreased their price objective on Chubb from $269.00 to $266.00 and set an “equal weight” rating for the company in a report on Thursday. Piper Sandler boosted their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. Finally, Roth Mkm boosted their price target on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and an average target price of $286.47.

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.