Castlekeep Investment Advisors LLC Sells 374 Shares of Chubb Limited $CB

Castlekeep Investment Advisors LLC decreased its stake in shares of Chubb Limited (NYSE:CB) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,138 shares of the financial services provider’s stock after selling 374 shares during the period. Castlekeep Investment Advisors LLC’s holdings in Chubb were worth $1,199,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. GQG Partners LLC increased its position 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 worth $2,836,899,000 after acquiring an additional 4,964,298 shares in the last quarter. Ameriprise Financial Inc. grew its position in Chubb by 6.9% in 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 purchasing an additional 304,751 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Chubb by 1.1% in 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 purchasing an additional 30,334 shares in the last quarter. Nuveen LLC bought a new position in Chubb in the first quarter valued at $562,221,000. Finally, AQR Capital Management LLC grew its position in Chubb by 19.6% in 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 purchasing an additional 231,404 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.3%

Chubb stock opened at $277.13 on Friday. The firm has a market capitalization of $109.07 billion, a PE ratio of 11.57, a P/E/G ratio of 2.74 and a beta of 0.54. The company’s 50-day moving average is $277.80 and its 200-day moving average is $280.64. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. 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 data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. The company had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.72 EPS. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $300.00 target price on shares of Chubb in a research report on Monday, October 27th. UBS Group raised their target price on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company raised their target price on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $307.79.

Insider Activity

In other news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.77% of the company’s stock.

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.