Goldstein Advisors LLC Has $246,000 Stock Position in Chubb Limited $CB

Goldstein Advisors LLC lowered its holdings in shares of Chubb Limited (NYSE:CB) by 64.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 850 shares of the financial services provider’s stock after selling 1,519 shares during the period. Goldstein Advisors LLC’s holdings in Chubb were worth $246,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. GQG Partners LLC raised its stake in shares of Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after acquiring an additional 304,751 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Chubb by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock valued at $840,756,000 after acquiring an additional 30,334 shares during the last quarter. Nuveen LLC bought a new position in shares of Chubb during the first quarter valued at $562,221,000. Finally, AQR Capital Management LLC raised its stake in shares of Chubb by 19.6% during the first quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock valued at $423,826,000 after acquiring an additional 231,404 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares in the company, valued at $661,010. The trade was a 20.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CB has been the subject of several analyst reports. Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Wells Fargo & Company increased their price objective on shares of Chubb from $267.00 to $277.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their price objective on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research report 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 report on Monday, July 28th. Finally, Morgan Stanley decreased their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $305.28.

Chubb Stock Down 0.0%

Shares of NYSE CB opened at $268.15 on Friday. The firm has a market cap of $106.91 billion, a PE ratio of 11.83, a P/E/G ratio of 3.02 and a beta of 0.54. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The company’s fifty day simple moving average is $277.40 and its 200 day simple moving average is $281.09. 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 issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.30. The business 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%. Chubb’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.38 earnings per share. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

Chubb Company Profile

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.