2,141 Chubb Limited $CB Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. trimmed its stake in Chubb Limited (NYSE:CB) by 69.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 963 shares of the financial services provider’s stock after selling 2,141 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Chubb were worth $313,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stock Yards Bank & Trust Co. increased its holdings in Chubb by 0.8% during the first quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock worth $1,338,000 after buying an additional 34 shares during the last quarter. Baker Tilly Wealth Management LLC lifted its stake in Chubb by 4.9% in the third quarter. Baker Tilly Wealth Management LLC now owns 722 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 34 shares during the last quarter. Bayban lifted its stake in Chubb by 7.1% in the first quarter. Bayban now owns 544 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 36 shares during the last quarter. Cypress Capital Group grew its position in shares of Chubb by 3.4% in the 1st quarter. Cypress Capital Group now owns 1,101 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 36 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Chubb by 0.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 8,544 shares of the financial services provider’s stock valued at $2,911,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction on Tuesday, July 28th. The stock was 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 approximately $12,302,860.46. This represents a 20.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Connors sold 5,500 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director owned 12,803 shares in the company, valued at $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Chubb Stock Performance

CB stock traded up $2.26 during mid-day trading on Wednesday, hitting $348.42. 402,471 shares of the company were exchanged, compared to its average volume of 1,703,928. Chubb Limited has a 1-year low of $265.30 and a 1-year high of $365.91. The stock has a market capitalization of $134.42 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.51 and a beta of 0.36. The business has a 50 day simple moving average of $340.31 and a 200-day simple moving average of $335.80. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $6.14 earnings per share. On average, equities analysts forecast that Chubb Limited will post 27.68 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 14.43%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CB shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $354.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research report on Friday, July 10th. Morgan Stanley reduced their target price on Chubb from $360.00 to $350.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. Piper Sandler boosted their target price on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, HSBC restated a “hold” rating and issued a $359.00 price target on shares of Chubb in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $358.36.

Chubb Profile

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.