Olistico Wealth LLC Sells 889 Shares of Chubb Limited $CB

Olistico Wealth LLC decreased its holdings in Chubb Limited (NYSE:CB) by 81.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 200 shares of the financial services provider’s stock after selling 889 shares during the quarter. Olistico Wealth LLC’s holdings in Chubb were worth $58,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. E Fund Management Co. Ltd. raised its position in Chubb by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock valued at $291,000 after buying an additional 36 shares during the last quarter. Rise Advisors LLC lifted its position in shares of Chubb by 4.6% during the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 37 shares in the last quarter. Sunflower Bank N.A. increased its stake in Chubb by 4.4% in the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock valued at $273,000 after buying an additional 38 shares during the last quarter. Avantax Planning Partners Inc. increased its stake in Chubb by 5.1% in the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock valued at $236,000 after buying an additional 38 shares during the last quarter. Finally, Sky Investment Group LLC lifted its position in shares of Chubb by 1.6% during the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CB. HSBC lowered Chubb from a “buy” rating to a “hold” rating and reduced their target price for the company from $317.00 to $300.00 in a report on Friday, August 1st. Keefe, Bruyette & Woods lifted their target price on Chubb from $314.00 to $324.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a report on Tuesday, September 16th. Evercore ISI lifted their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Piper Sandler reissued a “neutral” rating and set a $283.00 price objective (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $303.24.

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat bought 425 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director directly owned 2,450 shares of the company’s stock, valued at $661,010. The trade was a 20.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.77% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $283.99 on Friday. The company has a market capitalization of $113.22 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 3.20 and a beta of 0.54. The business has a 50 day moving average of $274.76 and a 200 day moving average of $282.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same period in the previous year, the business posted $5.38 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s payout ratio is currently 17.12%.

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.