Claro Advisors LLC Has $1.31 Million Position in Chubb Limited $CB

Claro Advisors LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 38.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,535 shares of the financial services provider’s stock after selling 2,834 shares during the quarter. Claro Advisors LLC’s holdings in Chubb were worth $1,314,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. GQG Partners LLC grew its holdings in 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 purchasing an additional 4,964,298 shares during the period. Ameriprise Financial Inc. grew its holdings in 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 purchasing an additional 304,751 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 purchasing an additional 30,334 shares during the period. Nuveen LLC acquired a new position in Chubb during the first quarter valued at approximately $562,221,000. Finally, AQR Capital Management LLC grew its holdings in 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 purchasing an additional 231,404 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $285.63 on Wednesday. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The firm has a fifty day simple moving average of $278.14 and a 200 day simple moving average of $280.56. The stock has a market capitalization of $112.41 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 2.74 and a beta of 0.54. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter in the prior year, the company posted $5.72 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Research 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. Investors of record on Friday, September 12th were issued a dividend of $0.97 per share. 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 is presently 16.19%.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 price target on shares of Chubb in a report on Thursday, October 23rd. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. HSBC upped their price target on shares of Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. Wells Fargo & Company upped their price target on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Finally, Piper Sandler reiterated a “neutral” rating and issued a $283.00 price target (down previously from $335.00) on shares of Chubb in a report on Thursday, July 24th. One 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $307.79.

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.