Dempze Nancy E Sells 300 Shares of Chubb Limited $CB

Dempze Nancy E trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 10.3% during the second quarter, HoldingsChannel reports. The firm owned 2,600 shares of the financial services provider’s stock after selling 300 shares during the quarter. Dempze Nancy E’s holdings in Chubb were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Chubb during the 1st quarter worth $25,000. North Capital Inc. bought a new stake in shares of Chubb during the 1st quarter worth $26,000. IMA Advisory Services Inc. bought a new stake in Chubb in the 1st quarter valued at about $31,000. 1248 Management LLC bought a new stake in Chubb in the 1st quarter valued at about $31,000. Finally, WPG Advisers LLC bought a new stake in Chubb in the 1st quarter valued at about $33,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CB shares. Wolfe Research upgraded Chubb to a “strong-buy” rating in a research note on Tuesday, September 16th. Cantor Fitzgerald upgraded Chubb to a “hold” rating in a research note on Wednesday, August 13th. Piper Sandler restated a “neutral” rating and issued a $283.00 price objective (down from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group boosted their price objective on Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $304.33.

Insider Activity at Chubb

In other Chubb news, Director Michael Corbat acquired 425 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares of the company’s stock, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.77% of the company’s stock.

Chubb Stock Down 0.7%

Shares of NYSE CB opened at $287.17 on Thursday. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $114.49 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 3.26 and a beta of 0.54. The business has a 50-day moving average of $276.00 and a 200-day moving average of $282.12.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the previous year, the firm earned $5.38 earnings per share. Chubb’s revenue was up 6.3% on a year-over-year basis. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

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.