Amalgamated Bank Has $21.08 Million Position in Chubb Limited $CB

Amalgamated Bank trimmed its position in shares of Chubb Limited (NYSE:CB) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,769 shares of the financial services provider’s stock after selling 2,920 shares during the quarter. Amalgamated Bank’s holdings in Chubb were worth $21,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CB. GQG Partners LLC boosted its holdings in Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after acquiring an additional 4,964,298 shares during the last quarter. Nuveen LLC purchased a new position in Chubb during the 1st quarter worth $562,221,000. Ameriprise Financial Inc. boosted its holdings in Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after acquiring an additional 304,751 shares during the last quarter. Citigroup Inc. raised its stake in shares of Chubb by 79.0% during the 1st quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after purchasing an additional 278,697 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Chubb by 19.6% during the 1st quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock worth $423,826,000 after purchasing an additional 231,404 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the transaction, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.77% of the company’s stock.

Chubb Stock Up 0.8%

CB stock opened at $277.87 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $109.35 billion, a PE ratio of 11.60, a PEG ratio of 2.71 and a beta of 0.54. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The stock has a 50-day simple moving average of $277.82 and a two-hundred day simple moving average of $280.77.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.72 EPS. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s payout ratio is presently 16.19%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CB. Wells Fargo & Company lifted their target price on Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $309.00 target price on shares of Chubb in a research note on Monday. Evercore ISI boosted their price objective on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Wolfe Research boosted their price objective on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Bank of America boosted their price objective on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $307.58.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.