Chubb Limited $CB Shares Sold by Xponance Inc.

Xponance Inc. decreased its stake in Chubb Limited (NYSE:CB) by 10.7% in the 3rd quarter, Holdings Channel reports. The firm owned 53,306 shares of the financial services provider’s stock after selling 6,375 shares during the quarter. Xponance Inc.’s holdings in Chubb were worth $15,046,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CB. Harbor Capital Advisors Inc. increased its holdings in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in shares of Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb in the 2nd quarter worth approximately $32,000. Cornerstone Planning Group LLC increased its stake in Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in Chubb in the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.7%

Shares of CB stock opened at $340.29 on Friday. The company has a market capitalization of $133.92 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 2.15 and a beta of 0.49. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $315.97 and a 200 day moving average price of $295.53. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $342.69.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.02 earnings per share. Research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a $0.97 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.1%. Chubb’s payout ratio is 15.08%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CB shares. Piper Sandler boosted their target price on Chubb from $283.00 to $319.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Evercore lifted their price target on Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Mizuho boosted their price objective on shares of Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Citizens Jmp reissued a “market outperform” rating and issued a $350.00 price objective on shares of Chubb in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group lifted their target price on shares of Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $340.81.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.77% of the company’s stock.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.