Chubb Limited $CB Stock Position Lowered by Positano Wealth Management Ltd

Positano Wealth Management Ltd decreased its stake in Chubb Limited (NYSE:CB) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,864 shares of the financial services provider’s stock after selling 1,546 shares during the period. Chubb makes up 9.9% of Positano Wealth Management Ltd’s portfolio, making the stock its 5th biggest position. Positano Wealth Management Ltd’s holdings in Chubb were worth $13,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Chubb during the 4th quarter worth approximately $1,081,190,000. Price T Rowe Associates Inc. MD grew its position in Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after acquiring an additional 3,049,987 shares in the last quarter. Berkshire Hathaway Inc raised its stake in shares of Chubb by 9.3% during the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after purchasing an additional 2,916,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Chubb during the fourth quarter valued at approximately $795,378,000. Finally, GQG Partners LLC lifted its position in shares of Chubb by 15.2% during the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after purchasing an additional 1,647,729 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.1%

NYSE:CB opened at $351.08 on Monday. The company has a market cap of $135.45 billion, a PE ratio of 12.42, a P/E/G ratio of 1.74 and a beta of 0.39. The business’s 50 day moving average is $338.33 and its two-hundred day moving average is $328.89. 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 52 week low of $264.10 and a 52 week high of $365.91.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same period in the prior year, the company posted $6.14 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that Chubb Limited will post 27.4 EPS for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s dividend payout ratio is currently 14.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CB shares. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Citizens Jmp restated a “market outperform” rating and set a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. HSBC cut Chubb from a “buy” rating to a “hold” rating and boosted their price target for the stock from $370.00 to $373.00 in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $354.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Finally, Citigroup restated a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $360.09.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.

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.