Dai ichi Life Insurance Company Ltd Sells 5,395 Shares of Chubb Limited $CB

Dai ichi Life Insurance Company Ltd decreased its holdings in shares of Chubb Limited (NYSE:CB) by 8.0% during the first quarter, Holdings Channel.com reports. The firm owned 61,830 shares of the financial services provider’s stock after selling 5,395 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Chubb were worth $20,152,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. Frazier Financial Advisors LLC raised its position in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares in the last quarter. Merkkuri Wealth Advisors LLC bought a new position in shares of Chubb in the 1st quarter valued at about $29,000. Laurel Wealth Advisors LLC bought a new position in shares of Chubb in the 4th quarter valued at about $31,000. Finally, Ares Financial Consulting LLC purchased a new position in Chubb in the fourth quarter worth about $32,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $359.78 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $335.55 and its two-hundred day moving average is $327.09. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $365.29. The company has a market capitalization of $139.55 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.77 and a beta of 0.40.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $16.01 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $6.14 earnings per share. As a group, analysts expect that Chubb Limited will post 27.08 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors 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 yield of 1.1%. The ex-dividend date was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is 14.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays set a $387.00 price objective on Chubb in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 target price on shares of Chubb in a report on Wednesday. Cantor Fitzgerald boosted their target price on Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Piper Sandler increased their price target on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, UBS Group raised their price target on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $360.09.

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by company insiders.

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.