Groupama Asset Managment Sells 2,523 Shares of Chubb Limited $CB

Groupama Asset Managment decreased its stake in shares of Chubb Limited (NYSE:CB) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,693 shares of the financial services provider’s stock after selling 2,523 shares during the period. Groupama Asset Managment’s holdings in Chubb were worth $15,198,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc lifted its position in shares of Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares in the last quarter. Norges Bank acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $1,081,190,000. Price T Rowe Associates Inc. MD raised its position in Chubb by 25.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after purchasing an additional 3,049,987 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Chubb in the 4th quarter worth approximately $795,378,000. Finally, GQG Partners LLC raised its position in Chubb by 15.2% in the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after purchasing an additional 1,647,729 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CB shares. Wells Fargo & Company increased their price objective on Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $315.00 target price on shares of Chubb in a research report on Wednesday, April 22nd. Barclays cut their price target on Chubb from $375.00 to $368.00 and set an “equal weight” rating on the stock in a research note on Friday, June 12th. Jefferies Financial Group decreased their price target on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Finally, Piper Sandler lifted their price objective on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $349.10.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is currently owned by company insiders.

Chubb Price Performance

Shares of CB stock opened at $323.88 on Friday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The stock has a market cap of $125.62 billion, a PE ratio of 11.44, a PEG ratio of 1.68 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s 50 day moving average price is $324.87 and its two-hundred day moving average price is $319.94.

Chubb (NYSE:CB) last released its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The firm had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, analysts forecast that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a $1.02 dividend. The ex-dividend date is Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.3%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio is 14.41%.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.