Federated Hermes Inc. Sells 21,157 Shares of Chubb Limited (NYSE:CB)

Federated Hermes Inc. lowered its position in Chubb Limited (NYSE:CB) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 414,149 shares of the financial services provider’s stock after selling 21,157 shares during the quarter. Federated Hermes Inc. owned 0.10% of Chubb worth $93,598,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $25,000. IMA Wealth Inc. lifted its position in shares of Chubb by 275.7% during the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after buying an additional 102 shares during the period. BOK Financial Private Wealth Inc. bought a new position in shares of Chubb during the 3rd quarter worth approximately $28,000. ZRC Wealth Management LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $29,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Chubb during the 4th quarter worth approximately $32,000. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $245.39 on Friday. The stock has a market capitalization of $99.63 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.15 and a beta of 0.62. The business has a 50-day moving average of $252.45 and a 200-day moving average of $233.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. As a group, sell-side analysts predict that Chubb Limited will post 21.13 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.40%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Analyst Ratings Changes

Several research firms recently commented on CB. BMO Capital Markets raised their target price on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. Citigroup reiterated a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. JMP Securities reiterated a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research report on Monday. HSBC reiterated a “hold” rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group lifted their price objective on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $266.37.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Chubb news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,043 shares of company stock worth $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Chubb Company 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.