Keybank National Association OH Sells 653 Shares of Chubb Limited $CB

Keybank National Association OH lowered its stake in shares of Chubb Limited (NYSE:CB) by 1.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 33,183 shares of the financial services provider’s stock after selling 653 shares during the period. Keybank National Association OH’s holdings in Chubb were worth $9,614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CB. Modern Wealth Management LLC increased its position in shares of Chubb by 6.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 143 shares during the last quarter. Trifecta Capital Advisors LLC increased its position in shares of Chubb by 764.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 130 shares during the last quarter. Jump Financial LLC increased its position in shares of Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after purchasing an additional 7,065 shares during the last quarter. Legato Capital Management LLC increased its position in shares of Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after purchasing an additional 5,582 shares during the last quarter. Finally, Davis Rea LTD. purchased a new stake in shares of Chubb during the 1st quarter valued at about $5,117,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.3%

CB stock opened at $277.13 on Friday. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. The company has a market capitalization of $109.07 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.74 and a beta of 0.54. The business has a 50 day simple moving average of $277.80 and a two-hundred day simple moving average of $280.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the prior year, the company posted $5.72 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CB shares. Keefe, Bruyette & Woods increased their target price on shares of Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Piper Sandler reissued a “neutral” rating and issued a $283.00 target price (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. BMO Capital Markets reissued a “market perform” rating and issued a $283.00 target price on shares of Chubb in a report on Thursday, October 23rd. Finally, Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $307.79.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.

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.