Chubb Limited $CB Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Chubb Limited (NYSE:CB) by 2.8% during the third quarter, HoldingsChannel reports. The firm owned 881,343 shares of the financial services provider’s stock after selling 25,211 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Chubb were worth $286,657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CB. IMG Wealth Management Inc. acquired a new stake in shares of Chubb in the second quarter valued at about $25,000. Dunhill Financial LLC purchased a new stake in shares of Chubb during the 2nd quarter valued at about $25,000. Parvin Asset Management LLC purchased a new stake in shares of Chubb during the 2nd quarter valued at about $26,000. Highland Investment Advisors LLC acquired a new position in Chubb during the 2nd quarter worth approximately $26,000. Finally, Frazier Financial Advisors LLC lifted its position in Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, EVP Timothy Boroughs sold 13,596 shares of Chubb stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the transaction, the executive vice president directly owned 5,588 shares in the company, valued at approximately $1,993,630.76. This trade represents a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael 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 sale, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This represents a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by company insiders.

Chubb Trading Up 0.5%

NYSE CB opened at $364.12 on Friday. Chubb Limited has a 12 month low of $273.35 and a 12 month high of $369.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.29. The company has a market capitalization of $139.12 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.69 and a beta of 0.36. The company’s fifty day moving average price is $343.33 and its two-hundred day moving average price is $333.76.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.89. The company had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same period last year, the business earned $7.49 EPS. As a group, research analysts predict that Chubb Limited will post 28.82 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. Chubb’s dividend payout ratio (DPR) is presently 14.28%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CB shares. Mizuho upped their price target on Chubb from $336.00 to $350.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. Morgan Stanley increased their price objective on shares of Chubb from $350.00 to $360.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 27th. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $371.00 to $374.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Wells Fargo & Company boosted their target price on shares of Chubb from $343.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 22nd. Finally, UBS Group reissued a “neutral” rating and set a $380.00 target price on shares of Chubb in a research report on Monday, October 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus price target of $362.78.

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.