Fort Washington Investment Advisors Inc. OH Sells 806 Shares of Chubb Limited $CB

Fort Washington Investment Advisors Inc. OH cut its holdings in shares of Chubb Limited (NYSE:CB) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,717 shares of the financial services provider’s stock after selling 806 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Chubb were worth $2,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Chubb during the 1st quarter valued at approximately $25,000. North Capital Inc. bought a new stake in shares of Chubb during the first quarter valued at approximately $26,000. IMA Advisory Services Inc. bought a new stake in shares of Chubb during the first quarter valued at approximately $31,000. 1248 Management LLC bought a new stake in shares of Chubb during the first quarter valued at approximately $31,000. Finally, WPG Advisers LLC bought a new stake in shares of Chubb during the first quarter valued at approximately $33,000. 83.81% of the stock is owned by institutional investors.

Insider Activity at Chubb

In other news, Director Michael Corbat acquired 425 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price 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. This trade represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $279.41 on Tuesday. The company has a market cap of $111.40 billion, a P/E ratio of 12.33, a P/E/G ratio of 3.17 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The business’s 50 day moving average price is $273.94 and its 200-day moving average price is $282.44. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.38 EPS. Sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. Chubb’s dividend payout ratio is 17.12%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Morgan Stanley reduced their price target on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. UBS Group reduced their target price on Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Keefe, Bruyette & Woods lifted their target price on Chubb from $314.00 to $324.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Evercore ISI set a $312.00 target price on Chubb in a report on Wednesday, July 23rd. Finally, Cantor Fitzgerald raised Chubb to a “hold” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average target price of $303.06.

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.