HMS Capital Management LLC Sells 153 Shares of Chubb Limited $CB

HMS Capital Management LLC trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 6.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,378 shares of the financial services provider’s stock after selling 153 shares during the quarter. HMS Capital Management LLC’s holdings in Chubb were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. GQG Partners LLC grew its position in Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after buying an additional 4,964,298 shares during the period. Demars Financial Group LLC grew its position in Chubb by 16.4% during the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock valued at $1,884,004,000 after buying an additional 878,177 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Chubb by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock worth $840,756,000 after purchasing an additional 30,334 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Chubb by 15.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider’s stock worth $760,853,000 after purchasing an additional 366,559 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Chubb news, Director Michael Corbat purchased 425 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider owned 91,180 shares of the company’s stock, valued at $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 corporate insiders.

Chubb Price Performance

Shares of NYSE:CB opened at $278.02 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a fifty day moving average price of $274.38 and a 200 day moving average price of $283.40. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The firm has a market cap of $110.84 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 3.19 and a beta of 0.56.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the prior year, the business earned $5.38 earnings per share. Chubb’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given 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 is currently 17.12%.

Analysts Set New Price Targets

A number of research firms have weighed in on CB. Citigroup began coverage on shares of Chubb in a research report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price target for the company. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $314.00 to $324.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. UBS Group dropped their price target on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Wells Fargo & Company dropped their price target on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating for the company in a research report on Thursday, July 24th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $283.00 price target (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $302.00.

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.