WINTON GROUP Ltd Sells 3,412 Shares of Chubb Limited $CB

WINTON GROUP Ltd reduced its holdings in Chubb Limited (NYSE:CB) by 19.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 14,168 shares of the financial services provider’s stock after selling 3,412 shares during the quarter. WINTON GROUP Ltd’s holdings in Chubb were worth $4,828,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cherry Tree Wealth Management LLC grew its holdings in Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 31 shares during the period. Phillips Wealth Planners LLC lifted its stake in shares of Chubb by 1.8% in the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 31 shares during the period. Hoxton Planning & Management LLC lifted its stake in shares of Chubb by 4.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 31 shares during the period. South Plains Financial Inc. boosted its position in shares of Chubb by 2.2% in the 4th quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 34 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its position in shares of Chubb by 0.8% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock worth $1,338,000 after purchasing an additional 34 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CB shares. Citizens Jmp reiterated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Citigroup restated a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. HSBC lowered Chubb from a “buy” rating to a “hold” rating and boosted their target price for the stock from $370.00 to $373.00 in a research report on Monday, July 6th. Keefe, Bruyette & Woods upped their price target on Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $361.00.

Chubb Stock Performance

Shares of CB opened at $338.51 on Friday. The firm has a market cap of $130.60 billion, a P/E ratio of 11.97, a PEG ratio of 1.61 and a beta of 0.37. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm’s 50 day moving average price is $347.43 and its two-hundred day moving average price is $334.75.

Chubb (NYSE:CB) last issued 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. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter in the prior year, the firm earned $6.14 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, analysts forecast that Chubb Limited will post 27.35 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio is 14.43%.

Insider Transactions at Chubb

In other Chubb news, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the sale, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were 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 in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers’ compensation, professional lines, personal assets, and other specialty risks.

Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.