Chubb Limited $CB Holdings Reduced by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC decreased its stake in shares of Chubb Limited (NYSE:CB) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,087 shares of the financial services provider’s stock after selling 1,481 shares during the period. Verdence Capital Advisors LLC’s holdings in Chubb were worth $9,786,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new stake in Chubb in the 2nd quarter worth approximately $25,000. Dunhill Financial LLC purchased a new position in shares of Chubb during the 2nd quarter worth $25,000. Parvin Asset Management LLC purchased a new position in shares of Chubb during the 2nd quarter worth $26,000. Highland Investment Advisors LLC purchased a new position in shares of Chubb during the 2nd quarter worth $26,000. Finally, Frazier Financial Advisors LLC boosted its holdings in shares of Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $354.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Piper Sandler upped their target price on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded Chubb from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday, October 16th. JPMorgan Chase & Co. raised their price target on Chubb from $371.00 to $374.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Atlantic Securities set a $301.00 price target on Chubb in a research note on Wednesday, July 15th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $361.59.

Insider Activity

In other news, Director Michael Connors sold 5,500 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by corporate insiders.

Chubb Trading Up 0.5%

Shares of CB stock opened at $356.90 on Tuesday. The stock has a market cap of $137.69 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.36. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.22. Chubb Limited has a fifty-two week low of $273.35 and a fifty-two week high of $365.91. The firm’s 50 day moving average price is $341.73 and its two-hundred day moving average price is $332.50.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The company had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.66 billion. During the same quarter in the prior year, the business earned $7.49 earnings per share. On average, analysts anticipate that Chubb Limited will post 28.33 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, September 11th. Chubb’s dividend payout ratio is currently 14.28%.

About Chubb

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.