Chubb Limited $CB Shares Sold by Burney Co.

Burney Co. decreased its stake in shares of Chubb Limited (NYSE:CB) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,774 shares of the financial services provider’s stock after selling 403 shares during the period. Burney Co.’s holdings in Chubb were worth $2,252,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CB. IMA Advisory Services Inc. acquired a new position in Chubb during the 1st quarter valued at about $31,000. 1248 Management LLC acquired a new position in shares of Chubb in the 1st quarter worth approximately $31,000. WPG Advisers LLC acquired a new position in shares of Chubb in the 1st quarter worth approximately $33,000. Maseco LLP acquired a new position in shares of Chubb in the 2nd quarter worth approximately $35,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Chubb by 391.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

CB stock opened at $278.03 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The stock has a market cap of $109.42 billion, a P/E ratio of 11.60, a P/E/G ratio of 2.74 and a beta of 0.54. The firm has a 50 day simple moving average of $277.87 and a 200 day simple moving average of $280.56. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. The business had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $5.72 earnings per share. Research analysts anticipate that Chubb Limited will post 21.52 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 3rd. Shareholders of record on Friday, September 12th were paid a $0.97 dividend. The ex-dividend date 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 16.19%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Piper Sandler reaffirmed a “neutral” rating and issued a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Morgan Stanley lowered their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $307.79.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares in the company, valued at $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is owned by company insiders.

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.