Crescent Sterling Ltd. Purchases 678 Shares of Chubb Limited $CB

Crescent Sterling Ltd. grew its position in Chubb Limited (NYSE:CB) by 48.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,064 shares of the financial services provider’s stock after acquiring an additional 678 shares during the quarter. Crescent Sterling Ltd.’s holdings in Chubb were worth $598,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, October 22nd. Piper Sandler reissued a “neutral” rating and issued a $283.00 target price (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. UBS Group increased their target price on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Evercore ISI increased their target price on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $307.79.

Chubb Trading Down 0.3%

CB stock opened at $277.13 on Friday. The business has a fifty day moving average price of $277.80 and a 200 day moving average price of $280.67. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The stock has a market capitalization of $109.07 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 2.74 and a beta of 0.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the firm posted $5.72 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed 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 yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 23,698 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.77% of the company’s stock.

Chubb 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.