SYM FINANCIAL Corp Raises Stake in Chubb Limited (NYSE:CB)

SYM FINANCIAL Corp grew its stake in shares of Chubb Limited (NYSE:CB) by 31.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,046 shares of the financial services provider’s stock after purchasing an additional 250 shares during the period. SYM FINANCIAL Corp’s holdings in Chubb were worth $302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Capital Management LLC boosted its position in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new position in Chubb in the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb in the 2nd quarter valued at about $28,000. Kozak & Associates Inc. acquired a new position in Chubb in the 3rd quarter valued at about $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the 3rd quarter valued at about $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’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 in the company, valued at $160,341,094.40. This trade represents a 5.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CB. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Bank of America boosted their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Piper Sandler upped their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company upped their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chubb has a consensus rating of “Hold” and a consensus price target of $287.37.

Chubb Stock Down 0.6 %

NYSE CB opened at $284.60 on Thursday. The stock has a market cap of $114.72 billion, a PE ratio of 11.65, a P/E/G ratio of 6.75 and a beta of 0.67. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The business has a 50 day moving average price of $287.07 and a two-hundred day moving average price of $276.13. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.95 EPS. As a group, sell-side analysts predict that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

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.