Woodstock Corp Sells 114 Shares of Chubb Limited $CB

Woodstock Corp decreased its stake in Chubb Limited (NYSE:CB) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,680 shares of the financial services provider’s stock after selling 114 shares during the quarter. Woodstock Corp’s holdings in Chubb were worth $7,730,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. GQG Partners LLC boosted its stake in Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after buying an additional 4,964,298 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Chubb by 36,831.3% in the 1st quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider’s stock worth $629,357,000 after acquiring an additional 2,078,390 shares during the last quarter. Nuveen LLC purchased a new position in shares of Chubb during the 1st quarter worth about $562,221,000. Demars Financial Group LLC boosted its stake in shares of Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock worth $1,884,004,000 after purchasing an additional 878,177 shares during the period. Finally, SG Americas Securities LLC raised its position in Chubb by 1,243.9% in the 1st quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider’s stock worth $205,491,000 after purchasing an additional 629,822 shares during the period. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CB shares. Deutsche Bank Aktiengesellschaft lowered Chubb from a “buy” rating to a “hold” rating and set a $303.00 target price for the company. in a research report on Tuesday, May 20th. Cantor Fitzgerald upgraded Chubb to a “hold” rating in a report on Wednesday, August 13th. Evercore ISI set a $312.00 price target on Chubb in a report on Wednesday, July 23rd. Hsbc Global Res downgraded Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $283.00 price target (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $303.06.

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat acquired 425 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director directly owned 2,450 shares of the company’s stock, valued at $661,010. This trade represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 5,513 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Down 1.5%

NYSE:CB opened at $274.03 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a 50-day moving average of $274.26 and a 200 day moving average of $283.34. The firm has a market cap of $109.25 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 3.14 and a beta of 0.56.

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

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be issued a dividend of $0.97 per share. The ex-dividend date 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 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.