Chubb Limited $CB Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 93.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,274 shares of the financial services provider’s stock after selling 65,117 shares during the period. Curated Wealth Partners LLC’s holdings in Chubb were worth $1,390,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. XXEC Inc. bought a new stake in Chubb during the second quarter valued at $228,226,000. Berkshire Hathaway Inc bought a new position in Chubb in the 2nd quarter worth about $11,670,067,000. BlackRock Inc. bought a new position in Chubb in the 2nd quarter worth about $9,913,336,000. GQG Partners LLC bought a new position in Chubb in the 2nd quarter worth about $4,250,113,000. Finally, Bank of America Corp DE purchased a new stake in shares of Chubb in the 2nd quarter valued at about $1,545,084,000. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

CB stock traded up $3.38 during mid-day trading on Thursday, hitting $353.54. 580,564 shares of the stock were exchanged, compared to its average volume of 1,703,450. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The business has a fifty day moving average price of $340.26 and a 200 day moving average price of $335.98. Chubb Limited has a 12 month low of $265.30 and a 12 month high of $365.91. The stock has a market capitalization of $136.39 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.52 and a beta of 0.36.

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 the consensus estimate of $6.77 by $0.49. The firm 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 company’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $6.14 EPS. On average, sell-side analysts anticipate that Chubb Limited will post 27.68 EPS for the current year.

Chubb Dividend Announcement

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

Insider Activity

In related news, EVP Joseph Wayland sold 8,502 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 12,803 shares in the company, valued at approximately $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. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CB shares. Evercore reiterated an “outperform” rating and set a $374.00 price target on shares of Chubb in a research report on Friday, July 10th. Weiss Ratings downgraded shares of Chubb from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. The Goldman Sachs Group raised their target price on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. dropped their target price on shares of Chubb from $374.00 to $371.00 and set a “neutral” rating for the company in a research report on Friday, October 9th. Finally, Cantor Fitzgerald boosted their price target on shares of Chubb from $330.00 to $333.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price 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.