Chubb Limited $CB Stock Position Decreased by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas decreased its holdings in shares of Chubb Limited (NYSE:CB) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,975 shares of the financial services provider’s stock after selling 3,590 shares during the quarter. Chubb makes up approximately 2.5% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 14th biggest holding. Smith Chas P & Associates PA Cpas’ holdings in Chubb were worth $51,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CB. Janney Montgomery Scott LLC increased its position in Chubb by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after buying an additional 5,225 shares during the period. Equitable Holdings Inc. bought a new stake in Chubb in the second quarter valued at $4,139,000. XXEC Inc. acquired a new position in shares of Chubb during the second quarter valued at $26,210,000. Berkshire Hathaway Inc acquired a new position in shares of Chubb during the second quarter valued at $11,670,067,000. Finally, National Pension Service boosted its holdings in shares of Chubb by 24.4% during the fourth quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock valued at $358,462,000 after acquiring an additional 225,515 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CB shares. Citizens Jmp reiterated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Evercore restated an “outperform” rating and issued a $374.00 target price on shares of Chubb in a research report on Friday, July 10th. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and raised their price target for the company from $370.00 to $373.00 in a research note on Monday, July 6th. Weiss Ratings cut Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, August 27th. Finally, Citigroup reiterated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $361.00.

Chubb Price Performance

CB traded down $0.19 on Friday, reaching $338.48. The company had a trading volume of 1,151,251 shares, compared to its average volume of 1,727,894. The company has a market capitalization of $130.59 billion, a P/E ratio of 11.97, a PEG ratio of 1.61 and a beta of 0.37. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $347.43 and a 200-day moving average of $334.75. Chubb Limited has a one year low of $265.30 and a one year high of $365.91.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The company had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $6.14 EPS. As a group, equities research analysts anticipate that Chubb Limited will post 27.35 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s payout ratio is currently 14.43%.

Insiders Place Their Bets

In related news, Director Michael Connors sold 5,500 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by insiders.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers’ compensation, professional lines, personal assets, and other specialty risks.

Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.