Chubb Limited (NYSE:CB) Shares Sold by Woodstock Corp

Woodstock Corp decreased its position in Chubb Limited (NYSE:CB) by 0.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 27,563 shares of the financial services provider’s stock after selling 240 shares during the period. Woodstock Corp’s holdings in Chubb were worth $7,949,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CB. Chicago Partners Investment Group LLC raised its position in shares of Chubb by 3.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,557 shares of the financial services provider’s stock valued at $376,000 after buying an additional 49 shares during the last quarter. Syon Capital LLC raised its holdings in Chubb by 6.3% in the 4th quarter. Syon Capital LLC now owns 3,034 shares of the financial services provider’s stock valued at $686,000 after acquiring an additional 179 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of Chubb during the 4th quarter worth $34,000. Richardson Financial Services Inc. acquired a new stake in shares of Chubb during the fourth quarter worth $87,000. Finally, Twin Focus Capital Partners LLC purchased a new stake in shares of Chubb in the fourth quarter valued at $230,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CB shares. Royal Bank of Canada increased their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price on the stock. Morgan Stanley dropped their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Bank of America lifted their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday. Finally, Piper Sandler upped their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $282.37.

Chubb Price Performance

Shares of NYSE CB opened at $286.83 on Monday. The business has a 50 day moving average price of $282.13 and a two-hundred day moving average price of $266.78. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $294.18. The firm has a market cap of $116.47 billion, a PE ratio of 12.73, 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 (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.92 earnings per share. Sell-side analysts expect that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. Chubb’s dividend payout ratio is currently 16.16%.

About Chubb

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.