Diversified Trust Co Has $15.98 Million Position in Chubb Limited $CB

Diversified Trust Co reduced its position in shares of Chubb Limited (NYSE:CB) by 3.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,147 shares of the financial services provider’s stock after selling 2,177 shares during the quarter. Diversified Trust Co’s holdings in Chubb were worth $15,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Chubb in the 4th quarter valued at approximately $205,000. Bank Pictet & Cie Europe AG bought a new position in shares of Chubb in the fourth quarter valued at approximately $1,320,000. Two Sigma Advisers LP increased its position in shares of Chubb by 83.8% in the fourth quarter. Two Sigma Advisers LP now owns 2,413 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in Chubb during the fourth quarter valued at about $3,081,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 5,513 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Company insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CB. Piper Sandler restated a “neutral” rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Wells Fargo & Company dropped their price target on Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Evercore ISI set a $312.00 target price on shares of Chubb in a report on Wednesday, July 23rd. Barclays lowered shares of Chubb from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $321.00 to $298.00 in a report on Monday, July 7th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $303.06.

Chubb Trading Down 0.1%

Chubb stock opened at $274.00 on Friday. The stock has a 50-day moving average price of $273.76 and a 200 day moving average price of $283.01. The company has a market capitalization of $109.24 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.56. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91.

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

Chubb Announces Dividend

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

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.