Sawyer & Company Inc Buys New Holdings in Chubb Limited $CB

Sawyer & Company Inc acquired a new position in Chubb Limited (NYSE:CB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,462 shares of the financial services provider’s stock, valued at approximately $801,000.

Several other hedge funds have also recently modified their holdings of CB. Janney Montgomery Scott LLC grew its holdings in shares of Chubb by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after acquiring an additional 5,225 shares during the period. Equitable Holdings Inc. bought a new stake in Chubb during the second quarter valued at approximately $4,139,000. Berkshire Hathaway Inc bought a new stake in Chubb during the second quarter valued at approximately $11,670,067,000. XXEC Inc. purchased a new stake in Chubb during the second quarter valued at approximately $26,210,000. Finally, Douglas Lane & Associates LLC increased its holdings in Chubb by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 467,591 shares of the financial services provider’s stock valued at $152,084,000 after buying an additional 451,173 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Joseph Wayland sold 8,502 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was 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 of the company’s stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares in the company, valued at $4,417,035. The trade was a 30.05% 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 insiders.

Chubb Stock Performance

NYSE CB traded down $1.62 on Wednesday, reaching $356.13. 868,394 shares of the stock were exchanged, compared to its average volume of 1,706,602. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a one year low of $272.20 and a one year high of $365.91. The firm has a market capitalization of $137.40 billion, a PE ratio of 12.60, a PEG ratio of 1.56 and a beta of 0.36. The company’s 50-day simple moving average is $340.82 and its two-hundred day simple moving average is $336.89.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping analysts’ consensus estimates of $6.79 by $0.87. The business had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.71 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. During the same period in the prior year, the business posted $7.49 earnings per share. Analysts expect that Chubb Limited will post 27.72 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were paid a dividend of $1.02 per share. The ex-dividend date was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. Chubb’s payout ratio is 14.43%.

Analysts Set New Price Targets

CB has been the topic of several recent research reports. Mizuho decreased their price target on shares of Chubb from $347.00 to $336.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Evercore reissued an “outperform” rating and set a $374.00 price objective on shares of Chubb in a research report on Friday, July 10th. HSBC restated a “hold” rating and issued a $359.00 price objective on shares of Chubb in a research note on Wednesday, October 7th. JPMorgan Chase & Co. decreased their target price on Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $333.00 target price on shares of Chubb in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $358.36.

Chubb News Roundup

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb reported third-quarter earnings of $7.66 per share, exceeding estimates of $6.53–$6.79 and rising from $7.49 a year earlier. Revenue reached $16.20 billion, above the $15.71 billion consensus. Chubb Q3 earnings and revenues surpass estimates
• Positive Sentiment: Results were supported by record investment income, higher life-insurance income and growth in net premiums written, strengthening the case for continued earnings momentum. Chubb Q3 earnings beat estimates on investment and life income growth
• Neutral Sentiment: The earnings beat was partly offset by rising catastrophe losses, which pressured underwriting profitability. This creates uncertainty about how much of the quarter’s strength can persist if claims remain elevated. Chubb beats Q3 profit estimates
• Negative Sentiment: Cantor Fitzgerald reaffirmed its Neutral rating and set a $333 price target, below Chubb’s recent trading level. The view suggests the strong Q3 performance may already be reflected in the stock’s valuation. Cantor Fitzgerald rating on Chubb
• Negative Sentiment: Recent analysis likewise argues that Chubb’s strong quarter is largely priced in, limiting near-term upside even though the insurer continues to deliver solid earnings. Chubb strong Q3 reflected in valuation

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.