Saturna Capital Corp Sells 2,000 Shares of Chubb Limited $CB

Saturna Capital Corp cut its stake in shares of Chubb Limited (NYSE:CB) by 63.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,170 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Saturna Capital Corp’s holdings in Chubb were worth $381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the period. Frazier Financial Advisors LLC increased its holdings in Chubb by 86.4% during the 1st 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 period. Merkkuri Wealth Advisors LLC bought a new stake in Chubb during the 1st quarter valued at $29,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Chubb in the 4th quarter worth $31,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of Chubb in the 4th quarter worth $32,000. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on CB shares. Atlantic Securities set a $301.00 price target on Chubb in a research note on Wednesday, July 15th. Wolfe Research upped their price objective on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Morgan Stanley upped their price objective on shares of Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Evercore reiterated an “outperform” rating and set a $374.00 target price on shares of Chubb in a report on Friday, July 10th. Finally, Barclays set a $387.00 target price on shares of Chubb in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $359.09.

Chubb Price Performance

Shares of CB opened at $355.04 on Wednesday. The company has a 50 day moving average of $333.63 and a two-hundred day moving average of $326.34. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $365.29. The company has a market cap of $137.71 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.83 and a beta of 0.40.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.78 by $0.48. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.71 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same period in the prior year, the firm posted $6.14 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts predict that Chubb Limited will post 26.77 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a dividend of $1.02 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date was Friday, June 12th. This represents a $4.08 annualized dividend and a yield of 1.1%. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Chubb News Summary

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb reported Q2 earnings of $7.26 per share, topping consensus estimates and improving from $6.14 a year ago, which suggests stronger-than-expected profitability. Chubb (CB) Tops Q2 Earnings Estimates
• Positive Sentiment: The company said core operating income rose 14.6% and consolidated net premiums written increased 3.6% to $14.7 billion, signaling solid underwriting and premium growth. Chubb Reports Second Quarter Per Share Net Income…
• Positive Sentiment: The property and casualty combined ratio of 83.8% indicates strong underwriting discipline, which is favorable for insurers. Chubb Reports Second Quarter Per Share Net Income…
• Neutral Sentiment: JPMorgan raised its price target on Chubb to $370 while keeping a neutral rating, reflecting improved earnings expectations but not a strong change in stance. Benzinga report on JPMorgan price target increase
• Neutral Sentiment: Barclays reiterated a hold rating ahead of earnings, suggesting some analysts remained cautious despite the company’s strong fundamentals. Barclays Remains a Hold on Chubb (CB)

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.