2,141 Chubb Limited $CB Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. decreased its stake in shares of Chubb Limited (NYSE:CB) by 69.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 963 shares of the financial services provider’s stock after selling 2,141 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Chubb were worth $313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Berkshire Hathaway Inc bought a new stake in shares of Chubb during the second quarter worth about $11,670,067,000. BlackRock Inc. bought a new stake in Chubb during the 2nd quarter worth approximately $9,913,336,000. GQG Partners LLC bought a new stake in Chubb during the 2nd quarter worth approximately $4,250,113,000. Bank of America Corp DE increased its holdings in Chubb by 3.1% during the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock worth $1,599,868,000 after purchasing an additional 147,876 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Chubb by 74.3% in the first quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider’s stock worth $1,114,906,000 after purchasing an additional 1,457,992 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB traded up $2.26 during midday trading on Wednesday, reaching $348.42. The company had a trading volume of 402,471 shares, compared to its average volume of 1,703,928. The stock has a market cap of $134.42 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.51 and a beta of 0.36. The company’s 50 day moving average price is $340.31 and its 200 day moving average price is $335.80. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 52-week low of $265.30 and a 52-week high of $365.91.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter last year, the company earned $6.14 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Chubb Limited will post 27.68 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a dividend of $1.02 per share. The ex-dividend date was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $354.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Wells Fargo & Company lowered their target price on shares of Chubb from $356.00 to $343.00 and set an “equal weight” rating for the company in a report on Monday. UBS Group raised their price target on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. dropped their price target on shares of Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Finally, Mizuho cut their price target on shares of Chubb from $347.00 to $336.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price of $358.36.

Insider Transactions at Chubb

In related news, EVP Joseph Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.

Chubb Profile

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.