TKG Advisors LLC Sells 49 Shares of Chubb Limited (NYSE:CB)

TKG Advisors LLC lessened its stake in shares of Chubb Limited (NYSE:CB) by 2.7% during the third quarter, Holdings Channel.com reports. The firm owned 1,778 shares of the financial services provider’s stock after selling 49 shares during the period. TKG Advisors LLC’s holdings in Chubb were worth $513,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CB. Capital Research Global Investors grew its stake in Chubb by 44.4% in the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after acquiring an additional 2,064,730 shares during the period. International Assets Investment Management LLC increased its stake in Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after purchasing an additional 931,841 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Chubb by 4,559.3% during the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock worth $243,641,000 after buying an additional 826,700 shares during the last quarter. Capital World Investors grew its holdings in shares of Chubb by 6.6% during the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after buying an additional 685,677 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Chubb by 14.8% during the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock worth $918,294,000 after acquiring an additional 457,881 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank of Canada lifted their price target on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Roth Mkm increased their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Piper Sandler raised their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Bank of America upped their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Finally, Barclays initiated coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $287.26.

Chubb Stock Performance

NYSE CB traded down $0.52 during trading on Monday, hitting $276.89. 102,939 shares of the company’s stock traded hands, compared to its average volume of 1,599,885. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.31 and a current ratio of 0.28. The stock has a market capitalization of $111.61 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 6.64 and a beta of 0.67. Chubb Limited has a 12-month low of $216.26 and a 12-month high of $302.05. The business has a 50 day moving average of $288.23 and a 200-day moving average of $271.01.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the prior year, the company posted $4.95 EPS. Chubb’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Chubb Limited will post 21.6 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on 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 sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by company insiders.

Chubb Company 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.