Chubb Limited $CB Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft cut its stake in shares of Chubb Limited (NYSE:CB) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,560 shares of the financial services provider’s stock after selling 356 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Chubb were worth $742,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Peoples Bank KS purchased a new position in Chubb in the 1st quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Chubb in the first quarter worth approximately $25,000. North Capital Inc. acquired a new stake in shares of Chubb during the first quarter valued at approximately $26,000. IMA Advisory Services Inc. purchased a new stake in shares of Chubb in the 1st quarter valued at approximately $31,000. Finally, 1248 Management LLC acquired a new position in Chubb in the 1st quarter worth approximately $31,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction on Friday, July 25th. The stock was bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Lupica sold 5,513 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the sale, the insider owned 91,180 shares of the company’s stock, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by insiders.

Chubb Stock Up 0.8%

Shares of Chubb stock opened at $274.36 on Friday. The firm has a market cap of $109.38 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 3.07 and a beta of 0.56. The stock has a 50-day simple moving average of $273.84 and a 200-day simple moving average of $283.08. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.38 earnings per share. On average, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s dividend payout ratio (DPR) is currently 17.12%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Wolfe Research raised Chubb to a “strong-buy” rating in a research report on Tuesday. UBS Group decreased their price objective on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Cantor Fitzgerald raised Chubb to a “hold” rating in a research note on Wednesday, August 13th. Finally, HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and reduced their price target for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $303.06.

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.