Foster & Motley Inc. Sells 144 Shares of Chubb Limited $CB

Foster & Motley Inc. trimmed its position in shares of Chubb Limited (NYSE:CB) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,316 shares of the financial services provider’s stock after selling 144 shares during the quarter. Foster & Motley Inc.’s holdings in Chubb were worth $1,250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. grew its stake in Chubb by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock worth $291,000 after buying an additional 36 shares during the last quarter. Rise Advisors LLC grew its stake in shares of Chubb by 4.6% during the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 37 shares during the last quarter. Avantax Planning Partners Inc. grew its stake in shares of Chubb by 5.1% during the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 38 shares during the last quarter. Sky Investment Group LLC grew its stake in shares of Chubb by 1.6% during the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 38 shares during the last quarter. Finally, Lincoln Capital LLC grew its stake in shares of Chubb by 0.6% during the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock valued at $2,022,000 after purchasing an additional 39 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Trading Down 0.0%

Shares of NYSE CB opened at $268.15 on Friday. The company’s 50 day simple moving average is $277.40 and its 200 day simple moving average is $281.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $106.91 billion, a P/E ratio of 11.83, a P/E/G ratio of 3.02 and a beta of 0.54. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91.

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

Chubb Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group decreased their price target on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Barclays increased their price target on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Bank of America increased their price objective on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, Piper Sandler restated a “neutral” rating and issued a $283.00 price objective (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $305.28.

Insiders Place Their Bets

In other news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction on Friday, July 25th. The shares were bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.77% of the company’s stock.

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.