Chubb Limited $CB Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its holdings in Chubb Limited (NYSE:CB) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 416,817 shares of the financial services provider’s stock after selling 30,075 shares during the period. Chubb accounts for approximately 0.9% of Boston Trust Walden Corp’s holdings, making the stock its 24th largest holding. Boston Trust Walden Corp owned approximately 0.10% of Chubb worth $120,760,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in Chubb in the 1st quarter worth about $25,000. North Capital Inc. purchased a new position in Chubb in the first quarter valued at approximately $26,000. IMA Advisory Services Inc. purchased a new position in Chubb in the first quarter valued at approximately $31,000. 1248 Management LLC purchased a new stake in Chubb during the first quarter worth approximately $31,000. Finally, WPG Advisers LLC purchased a new stake in Chubb during the first quarter worth approximately $33,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat purchased 425 shares of the stock in a transaction dated Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company’s stock, valued at $661,010. The trade was a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $282.42 on Tuesday. The business’s 50 day moving average is $276.97 and its two-hundred day moving average is $281.70. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The firm has a market cap of $112.60 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 3.18 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same period in the prior year, the company posted $5.38 EPS. Chubb’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio is presently 17.12%.

Analysts Set New Price Targets

Several research firms have issued reports on CB. The Goldman Sachs Group boosted their price objective on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. UBS Group decreased their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Evercore ISI boosted their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Piper Sandler reissued a “neutral” rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price target on Chubb from $324.00 to $333.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Chubb presently has an average rating of “Moderate Buy” and an average target price of $306.82.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.