Verdence Capital Advisors LLC Sells 1,481 Shares of Chubb Limited $CB

Verdence Capital Advisors LLC trimmed its position in shares of Chubb Limited (NYSE:CB) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,087 shares of the financial services provider’s stock after selling 1,481 shares during the period. Verdence Capital Advisors LLC’s holdings in Chubb were worth $9,786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CB. Atticus Wealth Management LLC increased its position in Chubb by 3.7% in the 3rd quarter. Atticus Wealth Management LLC now owns 815 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 29 shares during the period. Freedom Day Solutions LLC boosted its position in Chubb by 0.4% during the 3rd quarter. Freedom Day Solutions LLC now owns 8,241 shares of the financial services provider’s stock worth $2,681,000 after acquiring an additional 31 shares during the period. Stock Yards Bank & Trust Co. boosted its position in Chubb by 0.8% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock worth $1,338,000 after acquiring an additional 34 shares during the period. Baker Tilly Wealth Management LLC boosted its position in Chubb by 4.9% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 722 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 34 shares during the period. Finally, Kennebec Savings Bank grew its stake in shares of Chubb by 1.1% in the third quarter. Kennebec Savings Bank now owns 3,055 shares of the financial services provider’s stock worth $994,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

CB opened at $356.90 on Tuesday. The company has a market capitalization of $137.69 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.35 and a quick ratio of 0.29. Chubb Limited has a 1-year low of $273.35 and a 1-year high of $365.91. The business has a 50 day moving average price of $341.73 and a two-hundred day moving average price of $332.50.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. The firm had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same period last year, the company posted $7.49 EPS. Research analysts predict that Chubb Limited will post 28.33 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s payout ratio is currently 14.28%.

Insider Buying and Selling at Chubb

In other news, Director Michael Connors sold 5,500 shares of the company’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 owned 12,803 shares in the company, valued at $4,417,035. This represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CB has been the topic of a number of research analyst reports. Barclays set a $387.00 price target on Chubb in a report on Tuesday, July 7th. Evercore reaffirmed an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a report on Friday, July 10th. HSBC reaffirmed a “hold” rating and issued a $359.00 price objective on shares of Chubb in a report on Wednesday, October 7th. Keefe, Bruyette & Woods decreased their target price on shares of Chubb from $389.00 to $387.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Finally, Citigroup reissued a “buy” rating and set a $405.00 target price (up from $395.00) on shares of Chubb in a research note on Wednesday, October 21st. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $361.59.

Chubb 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.