Chubb Limited $CB Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its holdings in Chubb Limited (NYSE:CB) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,206,687 shares of the financial services provider’s stock after selling 60,912 shares during the quarter. Dimensional Fund Advisors LP owned 0.56% of Chubb worth $622,789,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. increased its stake in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after buying an additional 56 shares during the period. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb in the second quarter worth approximately $32,000. Cornerstone Planning Group LLC boosted its holdings in shares of 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 during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in Chubb in the third quarter valued at $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

CB stock opened at $338.07 on Wednesday. The stock has a market cap of $131.90 billion, a P/E ratio of 13.14, a P/E/G ratio of 2.18 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24. The firm has a 50 day simple moving average of $317.11 and a 200 day simple moving average of $296.78. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67.

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

Chubb Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on CB. Keefe, Bruyette & Woods raised their target price on Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a report on Friday, February 6th. HSBC boosted their price target on Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Raymond James Financial increased their price objective on shares of Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a research note on Monday, February 9th. Bank of America cut their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research note on Friday, January 16th. Finally, Piper Sandler lifted their price target on Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $340.81.

About Chubb

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.