Chubb Limited (NYSE:CB) Stake Cut by Baldwin Investment Management LLC

Baldwin Investment Management LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,201 shares of the financial services provider’s stock after selling 240 shares during the period. Baldwin Investment Management LLC’s holdings in Chubb were worth $1,500,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. ORG Partners LLC acquired a new position in Chubb in the second quarter valued at approximately $963,000. Moloney Securities Asset Management LLC increased its position in Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after buying an additional 1,905 shares during the period. Private Advisor Group LLC lifted its stake in Chubb by 21.2% in the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock valued at $3,279,000 after buying an additional 2,250 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Chubb by 2.9% during the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock valued at $778,270,000 after acquiring an additional 87,059 shares during the period. Finally, Savvy Advisors Inc. acquired a new stake in shares of Chubb in the 3rd quarter worth about $721,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on CB shares. JMP Securities upped their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Piper Sandler boosted their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $287.37.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the sale, the insider now owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This trade represents a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock worth $23,803,540 over the last three months. 0.86% of the stock is currently owned by insiders.

Chubb Stock Up 0.7 %

Shares of CB stock opened at $288.51 on Wednesday. The company has a market capitalization of $116.30 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 6.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s 50 day simple moving average is $287.32 and its 200 day simple moving average is $275.05. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.95 EPS. As a group, research analysts predict that Chubb Limited will post 21.77 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

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.