Groupama Asset Managment Has $13.87 Million Stock Position in Chubb Limited $CB

Groupama Asset Managment lowered its position in Chubb Limited (NYSE:CBFree Report) by 12.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,546 shares of the financial services provider’s stock after selling 6,147 shares during the quarter. Groupama Asset Managment’s holdings in Chubb were worth $13,867,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Cherry Tree Wealth Management LLC lifted its holdings in shares of Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after buying an additional 31 shares during the last quarter. Phillips Wealth Planners LLC raised its position in Chubb by 1.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 31 shares in the last quarter. Hoxton Planning & Management LLC lifted its stake in Chubb by 4.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 31 shares during the last quarter. Wright Investors Service Inc. lifted its stake in Chubb by 0.7% in the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock valued at $1,538,000 after acquiring an additional 34 shares during the last quarter. Finally, G&S Capital LLC grew its position in Chubb by 1.5% in the fourth quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock worth $709,000 after acquiring an additional 34 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of Chubb stock opened at $351.08 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.28. The company has a market cap of $135.45 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 1.73 and a beta of 0.40. The firm has a fifty day moving average price of $338.33 and a two-hundred day moving average price of $328.73. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $365.91.

Chubb (NYSE:CBGet 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 the consensus estimate 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 business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.14 EPS. Analysts expect that Chubb Limited will post 27.4 EPS 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 given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s dividend payout ratio (DPR) is 14.43%.

Analyst Ratings Changes

Several research analysts have recently commented on CB shares. Piper Sandler increased their price target on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Barclays set a $387.00 price objective on shares of Chubb in a research note on Tuesday, July 7th. Citigroup reissued a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods raised their target price on Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, Cantor Fitzgerald lifted their price target on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $360.09.

Read Our Latest Stock Analysis on Chubb

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This 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 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.

Further Reading

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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