Groupe la Francaise Sells 34,098 Shares of Chubb Limited $CB

Groupe la Francaise decreased its holdings in Chubb Limited (NYSE:CBFree Report) by 36.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,478 shares of the financial services provider’s stock after selling 34,098 shares during the quarter. Groupe la Francaise’s holdings in Chubb were worth $19,391,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CB. Brighton Jones LLC boosted its stake in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new position in Chubb during the 4th quarter worth $205,000. Woodline Partners LP raised its holdings in Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 175 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Chubb by 9.3% during the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after acquiring an additional 17,155 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by company insiders.

Chubb Stock Performance

Shares of CB stock opened at $350.31 on Friday. The business’s 50 day simple moving average is $337.87 and its 200 day simple moving average is $328.58. Chubb Limited has a one year low of $264.10 and a one year high of $365.91. The stock has a market capitalization of $135.15 billion, a PE ratio of 12.39, a PEG ratio of 1.79 and a beta of 0.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.28.

Chubb (NYSE:CBGet Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $6.14 EPS. As a group, research analysts forecast that Chubb Limited will post 27.4 earnings per share for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a dividend of $1.02 per share. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s payout ratio is 14.43%.

Wall Street Analysts Forecast Growth

CB has been the topic of several analyst reports. Bank of America reduced their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. Mizuho raised their price objective on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Atlantic Securities set a $301.00 target price on shares of Chubb in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group reduced their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $360.09.

Read Our Latest Stock Report on Chubb

Chubb Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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