Vest Financial LLC Decreases Stock Holdings in Chubb Limited $CB

Vest Financial LLC reduced its position in Chubb Limited (NYSE:CB) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 353,596 shares of the financial services provider’s stock after selling 3,736 shares during the quarter. Chubb comprises about 1.5% of Vest Financial LLC’s portfolio, making the stock its largest position. Vest Financial LLC owned about 0.09% of Chubb worth $102,444,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in Chubb in the 1st quarter valued at about $25,000. North Capital Inc. bought a new stake in shares of Chubb during the 1st quarter valued at approximately $26,000. IMA Advisory Services Inc. bought a new stake in shares of Chubb during the 1st quarter valued at approximately $31,000. 1248 Management LLC bought a new stake in shares of Chubb during the 1st quarter valued at approximately $31,000. Finally, WPG Advisers LLC bought a new stake in shares of Chubb during the 1st quarter valued at approximately $33,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Down 0.4%

Shares of NYSE CB opened at $283.08 on Monday. The company has a market capitalization of $112.86 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 3.18 and a beta of 0.54. 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 quick ratio of 0.28 and a current ratio of 0.28. The company’s 50 day moving average price is $276.67 and its 200-day moving average price is $281.80.

Chubb (NYSE:CB) last issued its quarterly earnings results 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. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.38 EPS. Equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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

Insider Activity

In related news, Director Michael Corbat bought 425 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on CB. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a research report on Wednesday, August 13th. Morgan Stanley cut their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. UBS Group cut their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Finally, Wells Fargo & Company lifted their target price on shares of Chubb from $267.00 to $277.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $306.82.

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.