Janus Henderson Group PLC Sells 109,208 Shares of Chubb Ltd (CB)
Janus Henderson Group PLC lessened its stake in shares of Chubb Ltd (NYSE:CB) by 22.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 379,675 shares of the financial services provider’s stock after selling 109,208 shares during the period. Janus Henderson Group PLC’s holdings in Chubb were worth $48,229,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in CB. Clarus Wealth Advisors bought a new stake in Chubb during the second quarter valued at about $113,000. FNY Investment Advisers LLC bought a new position in shares of Chubb in the second quarter worth about $127,000. Edge Wealth Management LLC bought a new position in shares of Chubb in the second quarter worth about $133,000. Fairfield Bush & CO. bought a new position in shares of Chubb in the first quarter worth about $137,000. Finally, Adviser Investments LLC bought a new position in shares of Chubb in the first quarter worth about $140,000. 85.80% of the stock is owned by institutional investors and hedge funds.
NYSE:CB opened at $136.61 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $63.29 billion, a P/E ratio of 16.95, a PEG ratio of 1.31 and a beta of 1.03. Chubb Ltd has a 12 month low of $123.96 and a 12 month high of $157.50.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 21st will be given a $0.73 dividend. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.14%. Chubb’s dividend payout ratio is currently 36.36%.
CB has been the subject of a number of recent analyst reports. ValuEngine lowered Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, May 29th. Zacks Investment Research raised Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Goldman Sachs Group lowered Chubb from a “buy” rating to a “neutral” rating and set a $167.00 price objective for the company. in a research note on Monday, June 18th. Citigroup dropped their price objective on Chubb from $157.00 to $151.00 and set a “buy” rating for the company in a research note on Thursday, July 12th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Chubb in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Chubb presently has a consensus rating of “Hold” and a consensus price target of $160.09.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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