Sawyer & Company Inc Buys 2,462 Shares of Chubb Limited $CB

Sawyer & Company Inc purchased a new stake in Chubb Limited (NYSE:CB) during the third quarter, according to its most recent filing with the SEC. The fund purchased 2,462 shares of the financial services provider’s stock, valued at approximately $801,000.

Several other hedge funds have also bought and sold shares of the stock. IMG Wealth Management Inc. bought a new position in shares of Chubb during the 2nd quarter valued at about $25,000. Dunhill Financial LLC purchased a new position in shares of Chubb during the second quarter valued at about $25,000. Parvin Asset Management LLC bought a new stake in shares of Chubb in the second quarter worth about $26,000. Highland Investment Advisors LLC bought a new stake in shares of Chubb in the second quarter worth about $26,000. Finally, Frazier Financial Advisors LLC increased its holdings in shares of Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, Director Michael Connors sold 5,500 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was 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 in the company, valued at $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Chubb Trading Down 0.5%

CB traded down $1.62 on Wednesday, hitting $356.13. The company had a trading volume of 868,394 shares, compared to its average volume of 1,706,602. The business’s fifty day simple moving average is $340.82 and its 200 day simple moving average is $336.89. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 12-month low of $272.20 and a 12-month high of $365.91. The company has a market cap of $137.40 billion, a PE ratio of 12.60, a PEG ratio of 1.56 and a beta of 0.36.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.79 by $0.87. The business had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.71 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%. During the same period in the prior year, the business posted $7.49 earnings per share. Equities research analysts expect that Chubb Limited will post 27.72 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. Chubb’s payout ratio is currently 14.43%.

More Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb reported third-quarter earnings of $7.66 per share, exceeding estimates of $6.53–$6.79 and rising from $7.49 a year earlier. Revenue reached $16.20 billion, above the $15.71 billion consensus. Chubb Q3 earnings and revenues surpass estimates
• Positive Sentiment: Results were supported by record investment income, higher life-insurance income and growth in net premiums written, strengthening the case for continued earnings momentum. Chubb Q3 earnings beat estimates on investment and life income growth
• Neutral Sentiment: The earnings beat was partly offset by rising catastrophe losses, which pressured underwriting profitability. This creates uncertainty about how much of the quarter’s strength can persist if claims remain elevated. Chubb beats Q3 profit estimates
• Negative Sentiment: Cantor Fitzgerald reaffirmed its Neutral rating and set a $333 price target, below Chubb’s recent trading level. The view suggests the strong Q3 performance may already be reflected in the stock’s valuation. Cantor Fitzgerald rating on Chubb
• Negative Sentiment: Recent analysis likewise argues that Chubb’s strong quarter is largely priced in, limiting near-term upside even though the insurer continues to deliver solid earnings. Chubb strong Q3 reflected in valuation

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group increased their price target on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Atlantic Securities set a $301.00 price objective on Chubb in a research note on Wednesday, July 15th. JPMorgan Chase & Co. decreased their price objective on Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Mizuho lowered their target price on Chubb from $347.00 to $336.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Finally, The Goldman Sachs Group upped their price target on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $358.36.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.