Chubb Limited (NYSE:CB) Shares Sold by American Trust

American Trust lowered its stake in Chubb Limited (NYSE:CB) by 12.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,669 shares of the financial services provider’s stock after selling 1,087 shares during the quarter. American Trust’s holdings in Chubb were worth $2,212,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CB. Beacon Capital Management LLC lifted its holdings in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Chubb in the second quarter worth about $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb in the second quarter valued at about $28,000. Continuum Advisory LLC grew its stake in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Finally, Kozak & Associates Inc. purchased a new stake in Chubb during the 3rd quarter worth approximately $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Down 0.3 %

Shares of CB stock opened at $275.28 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $285.74 and a 200 day simple moving average of $276.64. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The stock has a market capitalization of $110.97 billion, a P/E ratio of 11.27, a P/E/G ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter last year, the firm posted $4.95 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.32%. Chubb’s dividend payout ratio is currently 14.91%.

Analyst Upgrades and Downgrades

CB has been the subject of several research analyst reports. Bank of America increased their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JMP Securities raised their price objective on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler lifted their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Finally, Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $287.37.

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.