Wellington Management Group LLP cut its position in Chubb Limited (NYSE:CB – Free Report) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,195,189 shares of the financial services provider’s stock after selling 113,755 shares during the period. Wellington Management Group LLP owned approximately 1.61% of Chubb worth $2,110,949,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. XXEC Inc. purchased a new position in shares of Chubb in the second quarter worth $228,226,000. Berkshire Hathaway Inc boosted its position in shares of Chubb by 9.3% during the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after buying an additional 2,916,288 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Chubb during the second quarter valued at $9,913,336,000. State Street Corp boosted its position in shares of Chubb by 0.4% during the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock valued at $4,827,852,000 after buying an additional 68,553 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Chubb by 25.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after buying an additional 3,049,987 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.
Insiders Place Their Bets
In related news, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director owned 12,803 shares in the company, valued at $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.37% of the company’s stock.
Analyst Ratings Changes
View Our Latest Analysis on CB
Chubb Trading Up 0.6%
Chubb stock opened at $340.34 on Friday. Chubb Limited has a 52-week low of $265.30 and a 52-week high of $365.91. The company has a market cap of $131.30 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.64 and a beta of 0.39. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The business has a 50-day simple moving average of $347.46 and a two-hundred day simple moving average of $333.97.
Chubb (NYSE:CB – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $6.14 earnings per share. Analysts predict that Chubb Limited will post 27.49 EPS for the current year.
Chubb Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is currently 14.43%.
Chubb Profile
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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