Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 1,223 Shares of Chubb Limited $CB

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its position in shares of Chubb Limited (NYSE:CB) by 29.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,907 shares of the financial services provider’s stock after selling 1,223 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Chubb were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CB. North Capital Inc. bought a new position in shares of Chubb during the 1st quarter worth approximately $26,000. IMA Advisory Services Inc. purchased a new stake in shares of Chubb during the 1st quarter worth approximately $31,000. 1248 Management LLC purchased a new stake in shares of Chubb during the 1st quarter worth approximately $31,000. WPG Advisers LLC purchased a new stake in shares of Chubb during the 1st quarter worth approximately $33,000. Finally, Maseco LLP purchased a new stake in shares of Chubb during the 2nd quarter worth approximately $35,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wolfe Research raised their price target on shares of Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. The Goldman Sachs Group raised their price target on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and decreased their price target for the stock from $317.00 to $300.00 in a research note on Friday, August 1st. Finally, Piper Sandler restated a “neutral” rating and set a $283.00 price target (down previously from $335.00) on shares of Chubb in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $306.42.

Chubb Stock Down 0.4%

Chubb stock opened at $281.86 on Monday. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The firm has a market capitalization of $112.38 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 2.82 and a beta of 0.54. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $277.65 and a 200 day simple moving average of $280.88.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same period in the previous year, the business earned $5.72 EPS. Chubb’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is currently 16.19%.

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.