Boston Common Asset Management LLC Has $22.21 Million Position in Chubb Limited $CB

Boston Common Asset Management LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 12.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,673 shares of the financial services provider’s stock after selling 10,908 shares during the quarter. Boston Common Asset Management LLC’s holdings in Chubb were worth $22,214,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb during the first quarter worth approximately $25,000. North Capital Inc. acquired a new stake in shares of Chubb during the first quarter worth approximately $26,000. IMA Advisory Services Inc. acquired a new stake in shares of Chubb during the first quarter worth approximately $31,000. 1248 Management LLC acquired a new stake in Chubb in the first quarter valued at approximately $31,000. Finally, WPG Advisers LLC acquired a new stake in Chubb in the first quarter valued at approximately $33,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In related news, Director Michael Corbat bought 425 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director owned 2,450 shares of the company’s stock, valued at $661,010. The trade was a 20.99% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CB. UBS Group reduced their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and reduced their target price for the company from $317.00 to $300.00 in a research note on Friday, August 1st. Morgan Stanley reduced their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Piper Sandler reiterated a “neutral” rating and issued a $283.00 target price (down from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Chubb has an average rating of “Hold” and a consensus target price of $303.24.

Chubb Trading Up 0.9%

NYSE:CB opened at $283.99 on Friday. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The firm has a market cap of $113.22 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 3.20 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $274.76 and its 200-day moving average is $282.15.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same quarter last year, the firm posted $5.38 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. Chubb’s payout ratio is 17.12%.

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.