US Bancorp DE Sells 11,944 Shares of Chubb Limited $CB

US Bancorp DE cut its holdings in Chubb Limited (NYSE:CB) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 603,120 shares of the financial services provider’s stock after selling 11,944 shares during the period. US Bancorp DE’s holdings in Chubb were worth $174,736,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. GQG Partners LLC lifted its stake in Chubb by 112.1% in 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 purchasing an additional 4,964,298 shares during the last quarter. Nuveen LLC purchased a new position in Chubb in the first quarter valued at approximately $562,221,000. Demars Financial Group LLC lifted its stake in Chubb by 16.4% in 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 purchasing an additional 878,177 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after purchasing an additional 304,751 shares during the last quarter. Finally, Cohen Investment Advisors LLC lifted its stake in Chubb by 2,408.4% in the first quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider’s stock valued at $88,456,000 after purchasing an additional 281,234 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Hsbc Global Res downgraded Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Piper Sandler reiterated a “neutral” rating and issued a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research note on Thursday, July 24th. The Goldman Sachs Group increased their target price on Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research report on Monday. Wells Fargo & Company increased their target price on Chubb from $267.00 to $277.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Cantor Fitzgerald upgraded Chubb to a “hold” rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus target price of $304.33.

Chubb Trading Down 0.7%

Shares of CB stock opened at $287.17 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a market capitalization of $114.49 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 3.26 and a beta of 0.54. The business’s fifty day moving average is $276.00 and its 200 day moving average is $282.12.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio is currently 17.12%.

Insider Buying and Selling

In other news, Director Michael Corbat bought 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The shares were acquired 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. The trade was a 20.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Chubb Profile

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.