Chubb Limited $CB Shares Sold by Positano Wealth Management Ltd

Positano Wealth Management Ltd lowered its position in shares of Chubb Limited (NYSE:CB) by 3.6% in the 1st quarter, Holdings Channel reports. The fund owned 40,864 shares of the financial services provider’s stock after selling 1,546 shares during the period. Chubb comprises 9.9% of Positano Wealth Management Ltd’s investment portfolio, making the stock its 5th biggest holding. Positano Wealth Management Ltd’s holdings in Chubb were worth $13,319,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in Chubb by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after acquiring an additional 5,225 shares in the last quarter. waypoint wealth counsel grew its stake in shares of Chubb by 76.4% in the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after purchasing an additional 1,784 shares in the last quarter. National Pension Service increased its holdings in shares of Chubb by 24.4% during the fourth quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock valued at $358,462,000 after purchasing an additional 225,515 shares during the period. Harbour Investments Inc. increased its holdings in shares of Chubb by 884.1% during the fourth quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock valued at $3,108,000 after purchasing an additional 8,947 shares during the period. Finally, Private Trust Co. NA raised its position in shares of Chubb by 133.1% during the 4th quarter. Private Trust Co. NA now owns 11,464 shares of the financial services provider’s stock worth $3,578,000 after buying an additional 6,546 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

NYSE CB opened at $351.08 on Monday. The stock has a market capitalization of $135.45 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.74 and a beta of 0.39. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $365.91. The business’s fifty day moving average is $338.33 and its two-hundred day moving average is $328.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. The company had revenue of $11.97 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 company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.14 EPS. On average, research analysts forecast that Chubb Limited will post 27.4 earnings per share for the current fiscal year.

Chubb Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on CB shares. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Morgan Stanley boosted their target price on Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Wells Fargo & Company lowered their price target on Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. UBS Group boosted their price objective on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $360.09.

Insiders Place Their Bets

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 stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This represents a 20.12% 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.